2. CORPORATE PLANNING
Corporate Planning denotes planning activities at
the top level and cover the entire organizational
activities.
Determine the long-term objectives.
Generate plans to achieve the objectives bearing
in mind the probable changes in environment.
Corporate planning includes:
the setting of objectives,
organizing the work, people, and systems to enable
those objectives to be attained,
motivating though the planning process of the plan
and developing people through better decision
making,
clearer objectives, more involvement, and awareness
of progress.
3. FUNCTIONAL PLANNING
Functionalplanning is segmental and it is
undertaken for each major function of the
organization like
production/operation,
marketing, finance,
human resource/personnel etc.
At
the second level, functional planning is
undertaken for sub-functions within each
major function.
4. STRATEGIC PLANNING
Strategic Planning is
Deciding on objectives of the
organization,
Deciding on changes on these objectives,
deciding on the resources used to attain
these objectives,
policies that are to manage the
acquisition, use and disposition of these
resources.
5. OPERATIONAL PLANNING
Operational Planning is
Deciding the most effective use of the
resources already allocated
To develop a control mechanism to assure
effective implementation of the actions.
6. LONG-TERM PLANNING
Long term plans usually cover all the
functional areas of the business and are
affected within the existing and long-term
framework of economic, social, and
technological factors.
Analysis of environmental factors,
particularly with respect to how the
organization relates to its competition and
environment.
7. SHORT-TERM PLANNING
These plan are aimed at sustaining
organization in its production and
distribution of current products or
services to the existing markets.