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