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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