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
