Planning - Chapter 3

What is the mental image of what the organization will be in the future as desired by the company management and employee.

• Vision

• Mission

• Preamble

What is a vital component in the operations of a business?

• Organizing

• Planning

• Recording

Who said “If you fail to plan, you plan to fail.”?

• Benjamin Button

• Benjamin Franks

• Benjamin Franklin

What is the basic purpose of an organization and range of their operations?

• Vision

• Mission

• Preamble

These are plans that establish the organization’s overall goals and apply to the entire firm.

• Tactical Plans

• Strategic Plans

• Operational Plans

These are plans that apply to a particular unit area only; the scope is narrow

• Tactical Plans

• Strategic Plans

• Operational Plans

These are from middle level management plan which refers to procedures and transformation of strategic goals/plans with specific goals.

• Tactical Plans

• Strategic Plans

• Operational Plans

These plans used or stated once only as these applies to the entire organization.

• Single Use Plans

• Standing Plans

• Directional Plans

These are plans that are flexible or give general guidelines.

• Single Use Plans

• Standing Plans

• Directional Plans

These are plans that are ongoing; provide guidance for different activities done repeatedly.

• Single Use Plans

• Standing Plans

• Directional Plans