Types of Plans:
- Strategic
- Strategic plans are organizationwide, establish overall objectives, and position the organization with relation to its environment.
- Operational Plans
- Operational plans specify details on how individual objectives are to be achieved.
Plans may be long-term or short-term, directional or specific.
contingency factors in planning:
Organizational level
Life cycle of the organization
Environmental uncertainty
Length of future commitments.
Myths about Planning
Planning that proves inaccurate is a waste of management's time.
Planning can eliminate change.
Planning reduces flexibility.