Types of Business Plan in an Organization

Short-Range and Long-Range Plans:

·        Short-Range Plans:  1 Year or Less

·        Intermediate-Range Plans: 1 to 2 Years

·        Long-Range Plans: 3 Years or More

Strategic Plans:

·        Address long-term needs

·        Set comprehensive action directions for an organization

·        Responsibility of top management

·        Acquisitions and mergers

Operational Plans:

·        Define what needs to be done in specific areas to implement the strategic plan

§        Production

§        Facilities

§        Financial

§        Markets

§        New Product Development

§        Human Resources

Budgets and Schedules:

·        Annual Budget

·        Project Schedules

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