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Question:

Explain the various types of plans used in management.

Answer:

In management, different types of plans are used, such as:

  1. Objectives: These are specific goals that an organization aims to achieve.
  2. Strategy: A comprehensive plan formulated to achieve long-term objectives.
  3. Policy: Guidelines or rules for decision-making within the organization.
  4. Procedure: A step-by-step sequence of activities required to perform a task.
  5. Method: A prescribed way in which a task is performed to achieve a specific goal.


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  • Answered by Ekta Mehta
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  • Answered by Ekta Mehta
  • 4 months ago

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