PLANS AND ITS TYPES

TYPES OF PLANS
1.
2.
3.
4.
5.
6.
7.
8.

Mission or Purposes
Objectives or Goals
Strategies
Policies
Procedures
Rules
Programs
Budgets

TYPES OF PLANS
1. Mission or Purpose
The basic purpose or function or tasks of an enterprise or agency or any
part of it
The mission statement should guide the actions of the organization,
spell out its overall goal, provide a sense of direction, and guide
decision-making. It provides "the framework or context within which
the company's strategies are formulated
.
For example; some purposes are as under;
The production and distribution of good and
services
To earn profts

Interpretation of laws and their application

Teaching, research and providing services to
the community
To serve humanity in general or any afected
part of society

Business
Court
Universit
y
Social
Service

TYPES OF PLANS
2. Objectives or Goals:
The end towards which the activity is aimed.
3. Strategy:
Came out from the military use. It may be defned as:
The determination of the basic long term objectives of an enterprise
and the adoption of courses of action and allocation of resources
necessary to achieve these goals
4. Policies:
General Statements or understandings that guide or channelize
thinking in decision making
5. Procedures:
Plans that establish a required method of handling future activities

Procedures may or may not cut across the boundaries of diferent

departments

These may also include the activities of third party contractors

6.

Rules
Rules spell out specifc required actions or non actions, allowing no
discretion

TYPES OF PLANS
7.

Programs:
Programs are a complex of goals, policies, procedures, rules, task
assignments, steps to be taken, resources to be employed and other
elements necessary to carry out a given course of action; supported
by budgets

or
. A program is a planned sequence and combination of activities
designed to achieve specifed goals within set policies. Programs
normally involve
equipment
materials
money
personnel and
time
8.

Budget:
Budget is a statement of expected results expressed in numerical
terms
It includes the numerical statement in terms of expected cash flow,