MANAGEMENT FUNCTION: PLANNING

A plan covering a period of one year or less.

• Planning

• Long-range Planning

• Intermediate-range Planning

• Short-range Planning

Its purpose is to coordinate the activities of sub-units and members within the organization's environment.

• Planning

• Long-range Planning

• Intermediate-range Planning

• Short-range Planning

This is more subject to change, a timeframe of planning which covers a period from one year to five years.

• Planning

• Long-range Planning

• Intermediate-range Planning

• Short-range Planning

This covers five years or more. Any plan that extends beyond five years are this kind of planning.

• Planning

• Long-range Planning

• Intermediate-range Planning

• Short-range Planning

This approach of formal planning is independently formulated both at the corporate and business levels.

• Interactive Approach

• Dual Approach

• Top-Down Approach

• Bottom-Up Approach

This approach of formal planning is initiated by various units or divisions of an organization and the passed upward for aggregation at the corporate level.

• Interactive Approach

• Dual Approach

• Top-Down Approach

• Bottom-Up Approach

This approach of formal planning is taken by upper level of executives of the organization.

• Interactive Approach

• Dual Approach

• Top-Down Approach

• Bottom-Up Approach

This approach of formal planning is a compromise between the bottom-up and the top-bottom methods.

• Interactive Approach

• Dual Approach

• Top-Down Approach

• Bottom-Up Approach

Which of the steps of planning that a planner has a clear concept of the broad objectives of the firm and the specific objectives of any given plan?

• Statement of Final Plan

• Statement of Objectives

• Statement of Problem

• Collection and Interpretation of Data

Which of the steps of planning that the problem to be resolved by the planning process must be clearly stated?

• Statement of Final Plan

• Statement of Objectives

• Statement of Problem

• Collection and Interpretation of Data