What are Short Range Plans?
Posted in Principles of Management |
Email This Post
Short range plans or the operational plans are concerned with the day to day functioning and their focus is on short run operating period, generally a year or season. It is usually done at lower levels of management and involves gathering of information and selecting the most effective course of action after evaluating this information.
Short range plans are generally guided by standing plans and single use plans. The policies procedures and rules followed in the organization come under standing plans and single use plans are use for a specific period and includes market plans financial plans and production plans.