Planning at Different Levels in The Firm

 

Plann i ng at ifferent Lev Levels els in th the e Firm Kristell D. Nobles Kriste Nobles Hazel Anne A. Esperanza Serena Marie A. Añonuevo Alma Mae Oriol

 

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Firm - A commercial organization that operates on a for for-profit -profit  basis and participates participates in selling goods or services to consumers. consumers. Department - Specialized functional functional area with within in an organization organization or a division, such as accounting, marketing, planning. Strategic – Relating to a general plan that is created to achieve goal.  –

Tactical to orgoal. used for a specific plan that is created to achieveRelating a particular Operational machine.

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Relating to the operation of a business or

 

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Primary Function of Management Preparatory Step part of management concerned with creating procedures, rules rule s and guidelines for achieving a stated objective. deciding best alternative among others to perform different managerial functions in order to achieve predetermined goals.

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Focuses on future course of action

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The Function that determines in advance what should be done

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There are different types of planning in a Firm. Such as Firm-Level Planning (Strategic planning), Department-Level Planning Pla nning (Tactical (Tactical Planning), Operational Planning.

 

Different Types of Planning in the Firm

Strategic Planning  Planning  Tactical Planning 

Operational Planning

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Different Types of Planning in the Firm Strategic Planning

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Planning g for the company company as a whole whole is known known as Strategic Strategic planning. planning. -Plannin -high-level overview of the entire business, its vision, objectives, and value. -Strategic planning is done at the top level of management. Senior Management. -Among the most useful tools for strategic planning is SWOT analysis -This plan is the foundational basis of the organization and will dictate decisions in the long-term. The scope of the plan can be two, three, five, or even ten years.

 

Different Types of Planning in the Firm

Strategic Planning Tactical Planning 

Operational Planning

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Different Types of Planning in the Firm 

Tactical Planning

-Support strategic plans by translating them into specific plans relevant to a distinct area of the organization. Tactical plans are concerned with the responsibility and functionality of lower-level departments departments to fulfill their parts of the strategic plan. -low-level document that breaks down the broader mission statements into smaller,, actionable chunks. If the strategic plan is a response to “What?”, the smaller tactical plan responds to “How?”. -Creating tactical plans is usually handled by mid-level managers.

 

Different Types of Planning in the Firm

Strategic Planning Tactical Planning 

Operational Planning

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Different Types of Planning in the Firm 

Operational Planning - they are the plans that are made by frontline, or low-level,

managers. All operational operational plans are focused on the specific procedures and processes that occur within the lowest levels of the organization.. Managers must plan the routine tasks of the organization department using a high level of detail. -charts out a roadmap to achieve the tactical goals within a realistic timeframe. -Cover short period of time.