Levels of Planning those are Associated with the Different Managerial Levels– Essay
There are basically three levels of planning associated with the different managerial levels these are: 1. Strategic Planning: Strategic planning is the process of determining overall objectives of the organization and the policies and strategies adopted to achieve those objectives. It is a process by which an organization makes decisions and takes actions that affect its long term performance. Top management of the organization is involved in strategic planning, which is long range and has a major impact on the organization. Image Source: managementguru.net ADVERTISEMENTS: A strategic plan usually covers a time period of upto ten years and involves a major commitment of resources. It deals with the total assessment of the organization’s capabilities, its strengths and its weaknesses and an objective and analytical evaluation of the dynamic environment.The planning…