Wednesday, 19 April 2017

Dimensions of Planning

        Time
        Long range or short range.
        Entity
        The production in terms of quantity or new product. It could be about finance, marketing, capacity, manpower or research and development.
        Organization
        The corporate plan could deal with the company as whole.
        Elements
        The plan begins with the mission and goal which the organization would like to achieve.
        Characteristics
        The choice of characteristics is a matter of convenience helping to communicate to everybody concerned in the organization and for easy understanding in execution.

        The typical characteristics of a corporate plan are goals, the resources, the important milestones, the investment details and a variety of schedules.

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