Planning that occurs when top level managers focus on the vision and long-term goals of an organization to produce plans of where the business wants to be in 3, 5, even 10 years. These plans tend to focus on things like profitability, growth, and customer service.
Strategic Planning
Tactical Planning
Operations Planning
Contingency Planning
1. Strategic Planning: This type of planning involves high-level decision-making and prioritization of organizational goals and objectives. It focuses on long-term vision and the overall direction of the organization. Strategic planning typically covers a time frame of 3 to 10 years and aims to achieve profitability, growth, and customer service in alignment with the organization's mission and values.
2. Tactical Planning: Tactical planning focuses on the implementation of strategic plans and involves a more detailed approach. It defines specific actions and initiatives required to achieve the strategic objectives. Tactical planning covers a shorter time frame, usually 1 to 3 years, and includes specific measurable targets and milestones.
3. Operations Planning: This type of planning pertains to the day-to-day activities and operations of the organization. It is concerned with optimizing resources, managing workflows, and ensuring efficiency in the delivery of products or services. Operations planning typically covers a shorter time frame, such as a few months to a year, and involves creating detailed plans for production, distribution, and other operational processes.
4. Contingency Planning: Contingency planning focuses on identifying potential risks and developing alternative strategies to mitigate them. It involves preparing for unforeseen events or crises that could disrupt normal business operations. Contingency planning includes creating response plans, establishing communication protocols, and outlining steps to minimize negative impacts on profitability, growth, and customer service.