Planning and Decision Making in Management

Types of Plans:

It is easy to see that the major program, such as one to build and equip a new factory, is the plan. But a number of other courses of future action are also plans. In fact, a plan can encompass any course of future action, which clearly shows that plan are varied. They are classified here as 1. Purpose or mission 2. Objectives, 3. Strategies, 4. Policies, 5. Procedures, 6. Rules, 7. Programs and 8. Budgets.