Types Of Plans PDF

TYPES OF PLANS SLIDESMANIA.COM SLIDESMANIA.COM SLIDESMANIA.COM  Review What is the difference between Vision, Mission, Goals, and Objectives? SLIDESMANIA.COM ...

TYPES OF PLANS SLIDESMANIA.COM SLIDESMANIA.COM SLIDESMANIA.COM  Review What is the difference between Vision, Mission, Goals, and Objectives? SLIDESMANIA.COM  Philosophy Emilio Aguinaldo College is a private, non-sectarian, co-educational institution of learning that fosters equal and fair opportunities of education, the total development of our students, conscious of their national identity and their role in the global community. SLIDESMANIA.COM  Emilio Aguinaldo Emilio College envisions itself as an Aguinaldo internationally College recognized private provides a non-sectarian learner- academic institution rooted in the Filipino centered, nationalist tradition inquiry-based, that consistently and socially SLIDESMANIA.COM pursues the advancement and relevant  Our Target! At the end of our class, I should be able to: Compare and contrast the different types of plans through plan comparison matrix. SLIDESMANIA.COM  Guided Questions: What are the different types of plans? What are the different planning strategies applied to different levels in the Firm? SLIDESMANIA.COM SLIDESMANIA.COM  IF YOU WERE AN EVENT ORGANIZER, HOW WILL YOU PLAN FOR A BIRTHDAY PARTY? SLIDESMANIA.COM  Types of Plans Strategic Tactical Operational plans plans plans SLIDESMANIA.COM SLIDESMANIA.COM  TACTICAL PLANS Create specific plans for specific areas of the company Translate broader plans into functional goals for each area or department. These include budget, SLIDESMANIA.COM resources, and goals  OPERATIONAL PLANS Specific procedures and processes made by frontline or low-level managers. Involves specific events such as marketing campaigns, campus recruitment, and formulation of ongoing plans that define specific operations of the organization Ongoing plans can be: a. Policy- set of principles that guide managers in addressing a particular issue b. Rule- regulation which describes and regulates the functions of the organization SLIDESMANIA.COM c. Procedure- step-by-step process in accomplishing a task or achieving an objective  STRATEGIC PLANS Designed by the top management as the CEO or President. Usually, broad plans based on the company’s vision, mission, and values and address the company as a whole. Used as a basis for more specific plans that will enable the company to achieve growth and profitability, boost productivity and return on SLIDESMANIA.COM investment, and improve customer service  Activity: Identify whether the following situation describes or pertains to the Strategic Plan (SP), Tactical Plan (TP), or Operational Plan (OP). SLIDESMANIA.COM  SP, TP, OR OP 1. The business crafted and formulated its vision and mission statement. 2. The business sets long-term objectives, assesses risks, and determines the best approach to enter the market successfully. SLIDESMANIA.COM  SP, TP, OR OP 3. To achieve the strategic goal of the company, the Admin Dept. should project positive personality and office decorum. 4. A marketing team in a tech startup is planning a digital marketing campaign for a new product launch. SLIDESMANIA.COM  SP, TP, OR OP 5. A manufacturing company sets specific production targets, allocates resources, creates production schedules, and implements process improvements. SLIDESMANIA.COM  Contingency Planning It is a special plan created for unexpected scenarios or changes. Common types: 1. Crisis management plan- made in preparation for any kind of crisis such as industrial disasters like fire or natural disasters 2. Scenario planning- plans for both positive and negative scenarios that may SLIDESMANIA.COM arise from the implementation of plans.  What are the different planning strategies applied to different Levels in the Firm? SLIDESMANIA.COM  Top-level Management Planning - Corporate Strategy - General Business Strategy Middle-level Management Planning - Functional (Tactical) Strategy Low-level Management Planning - Operational Strategy SLIDESMANIA.COM SLIDESMANIA.COM  Guided Questions: What are the different types of plans? What are the different planning strategies applied to different levels in the Firm? SLIDESMANIA.COM  ACTIVITY: PLAN COMPARISON MATRIX SLIDESMANIA.COM  Plan Comparison Matrix Criteria Strategic Plan Tactical Plan Operational Plan Purpose Scope Time Frame Responsible SLIDESMANIA.COM  Plan Comparison Matrix Criteria Strategic Plan Tactical Plan Operational Plan Purpose Long-term direction Implementation of Day-to-day tasks specific parts of SP and activities Scope Broad Narrower (dept. Very specific focused) (individual/team- focused) Time Frame Long term (3-5 Mid-term (1-2 Short-term (daily, years or more) years) weekly/monthly) Responsible Top management Middle management Lower level (frontline managers, SLIDESMANIA.COM team leaders)  Conclusion: Strategic Plans: Long-term, broad goals set by top management to guide the organization's direction. Tactical Plans: Mid-term, specific plans created by middle management to implement parts of the strategic plan. Operational Plans: Short-term, detailed plans for day-to-day operations, often made by front-line managers. Contingency Plans: Plans created to address unforeseen SLIDESMANIA.COM events or emergencies.  REMINDERS: 1. PT1: Primary Research for Product Design – Sept. 18 2. W1: PEST Analysis – Sept. 20 SLIDESMANIA.COM