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A plan is predetermined course of action to be
taken in the future.
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The goals and objectives that a plan is supposed
to achieve, are the pre-requisites of the plan.
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Planning is a dynamic process. As the future
becomes present reality, the course of action decided earlier may require a
change.
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Planning involves a chain of decisions, one
dependent on the other, since it deals with a long term period.
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Long Range
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A period of five or more years.
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Deals with resource selection, acquisition,
allocation.
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Short Range
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For one year at most.
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