This slide will walk you through the hierarchy of planning. Differences between: 1) Plan and Strategy 2) Mission and Vision 3) Rules and Policies

1. HIERARCHY OF PLANNING
By Ujjwal Shakya
ushakya3@gmail.com

2. Plan
• Creating a diagram or a list of steps to achieve a goal
• process of making plans for something, planning

4. Mission
• Reason for existence
• Developed by top level management

5. Vision
• Long-term objectives
• Specifies what the strategy is meant to achieve

6. Goals
• Planned results
• Objectives

7. Strategies
• Master plan to achieve goals
• Sets the course of action to the goal

8. Policies
• Guideline for decision making
• Makes sure decisions made support the mission

9. Procedures
• Sequential steps in detail to complete a task
• “How a policy should be carried out?”

10. Rules
• Detailed guides to act

11. Programs
• Has own goals, procedures, resource flow
• Related actions planned to accomplish a mission

12. Budgets
• Financial plan
• Allocation of resource
• Measures actual performance

13. Q/A

14. Plan vs. Strategy
• Plan says, “Here are the steps”
• Strategy says, “Here are the best steps”

15. Mission(Present) vs. Vision(Future)
• Mission answers, “Why do we exist?”
• Vision answers, “What will the future look like as we fulfill
our mission? What will be different?”

16. Rules vs. Policies
• Rules are clear instructions that must be followed by the
entities.
• Policies relates to how the rules are going to be
implemented.

17. Thank You For Your Time