TYPES OF PLANS

DEFINITION

Operational plans are those that very detailed in content and are used in carrying out the strategic plans.

SINGLE USE

One-time plan specifically designed to meet the need of a unique situation.

E.g: Designing a plan to enlarge and renovate executive office.

STANDING

Guide managerial actions when organizational repeated.

E.g: Event organizer for sports event have standing plan to follow when fans return ticket purchased for a cancelled contest or a manufacturer may have a standing plan to follow when production managers order additional raw material.

PURPOSE

To allow an organization to return to its daily operation as quickly as possible after an unexpected event.

INVOLVES

Preparing for predictable and quantifiable crises.

Preparing for unexpected and unwelcome event.

STEPS OF CONTINGENCY PLAN

Identify

Estimate

Formulate

Develop plan

Establish develop mechanism

Develop schedule of resources

Pro-forma financials

Designate people

DEFINITION

Plans classified by their use or function

TYPES OF PLANS

Marketing plans

Finance plans

Human resource plans

EXAMPLE

Sales plans may relate to functional plans that will affect human resource plan.

Often overlap, interrelate because each major activity is independent with each other.