This document discusses different types of plans based on time, managerial level, breadth, and use. It defines planning and provides types of plans including: long, medium, and short-term plans based on time; top, middle, and lower level plans based on managerial level; corporate and departmental plans based on breadth; and standing, repeated, and special/single use plans based on how they are used. Key plans mentioned are vision, mission, goals, objectives, policies, procedures, rules, strategies, programs, budgets, and projects.

1. Planning &Types of Plan
By:-
Abdul Khalique
MBA
(Finance & Marketing)

2. Planning
What?
When?
How?
Why?
Who?

3. Definition  “Planning is deciding in advance what to do, how to
do it, when to do it, and who is to do it.”
- Koontz and O’Donnell.

4. Definition
 “Planning is deciding in advance what is to be
done.”
-Haimann

5. Types of Plan
On the Basis of
Time
LongTerm
MediumTerm
ShortTerm
On the Basis of
Managerial Levels
Top Level
Middle Level
Lower Level
On the Basis of
Broadness
Corporate
Level
Departmental
Level
On the Basis of Use
Standing or
Repeatedly
used
Vision, Mission, Goal & Objectives
Policies
Procedures
Rules
Strategy
Special or
Single Use or
Adhoc Plans
Programmes
Budgets
Projects
Schedules

6. 1.On the
Basis of
Time
i. LongTerm Plans:
a) More than 3 years.
b) Formulated byTop level managers.
ii. MediumTerm Plans:
a) In between 1 to 3 years.
b) Formulated by Middle level managers.
iii. ShortTerm Plans:
a) Less than a year. (half yearly, monthly,
quarterly, etc.)
b) Formulated by Low level managers.

7. 2.On the
Basis of
Managerial
Levels
i. Top Level Plans:
a) Directors, General Managers
b) Objectives, Policies, Budget, etc.
c) Mostly long term plans.
ii. Middle Level Plans:
a) Departmental managers. (Finance, Purchase,
Production, Personnel, etc)
b) Mostly medium term plans.
iii. Lower Level Plans:
a) Foreman or Supervisor.
b) Short term plans.

8. 3.On the
Basis of
Broadness
i. Corporate Level Plans:
a) Prepared for whole organisation (LongTerm)
ii. Departmental Level Plans:
a) Prepared by various department.
b) To tackle immediate or near future problems.

9. 4.On the
Basis ofUse
i. Standing or Repeatedly Used Plans:
a) Vision, Mission & Objective:
• Vision- Dream that an individual or company wants
to be in future.
• Mission/ Goal- what an individual or a company
wants to provide or achieve.
• Objectives- Special target to be achieved by the
organisation.
b) Policies: Limits or boundaries or guidelines
under which an organisation make a decision.
c) Procedures: Sequence of any work
performance.
d) Rules: Plan that tells what is to be done and
what and what is not to be done in a particular
situation.
e) Strategy: Military word which means to defeat
enemy by systematic plan. In business it means
a systematic plan to overcome the future
problems.

10. Cont…
ii. Special or Single Use or Adhoc Plans:
Formulated for one time use or to tackle the special
situation. Like-
 Programme
 Budget
 Projects
 Schedules

11. Queries?