Planning, Goals and Objectives

I. Nature of Planning

Planning is the management of the organization's future in an uncertain environment.

II. Types of Plans:

Strategic: Strategic plans are organizationwide, establish overall objectives, and position the organization with relation to its environment.
Operational Plans: Operational plans specify details on how individual objectives are to be achieved.

Plans may be long-term or short-term, directional or specific.

II. Contingency factors in planning:

Organizational level

Life cycle of the organization

Environmental uncertainty

Length of future commitments.

Myths about Planning

Planning that proves inaccurate is a waste of management's time.
Planning can eliminate change.
Planning reduces flexibility.

Page designed by Shikha Sharma.
All contents copyright © 1995. Faculty of Information Studies, University of Toronto. All rights reserved.