Name of the Teacher : Suji SureshClass : XIISubject : Business StudiesTopic : Types of Plan

TYPES OF PLAN

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ObjectivesGoalsPoliciesProceduresRules

Programmes

MethodsStrategiesProjectsBudgets

10 Types of plans

Objectives are the goals, aims or purposes that organisations wish to achieve over varying periods of time.

1. Objectives

Goals are future state of affairs which the organisation wants to realise.

2. Goals

Policies are statements of an organisation’s intention to act in certain ways when specific types of circumstances arise

3. Policies

Procedures refers to a systematic way of handling regular events.

4. Procedures

Rules are specific regulations that must be followed by the employees in an organisation.

5. Rules

Programmes are a sequence of activities directed towards the achievement of certain objectives.

6. Programmes

Methods are formalised and standardised ways of accomplishing repetitive and routine jobs.

7. METHODS

Strategies refers to placing oneself in the position of competitors and seeing what ones own reaction will be in a similar situation.

8. Strategies

Projects are a complex cluster of associated activities with a distinct objective and a prescribed completion time period.

9. Projects

Budgets as a plan are a statement of expected results expressed in numerical terms.

10. Budgets

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