In the process of planning, several plans are prepared which are known as components of planning. Plans can be broadly classified as
Strategic plans
A strategic plan is an outline of steps designed with the goals of the entire organization as awhole in mind, rather than with the goals of specific divisions or departments.
Tactical plans
A tactical plan is concerned with what the lower level units within each division must do, how they must do it, and who is in charge at each level. Tactical plans are concerned with shorter time frames and narrower scopes than are strategic plans.
Operational plans
The specific results expected from departments, work groups, and individuals are the operational goals. Operational plans can be a single-use plan or a standing plan.
Contingency plans
Contingency planning involves identifying alternative courses of action that can be implemented if and when the original plan proves inadequate because of changing circumstances. Keep in mind that events beyond a manager's control may cause even the most carefully prepared alternative future scenarios to go awry. Management can then develop alternatives to the existing plan and ready them for use when and if circumstances make these alternatives appropriate.
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