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An outline of the actions an organization intends to take to accomplish its goals and objectives is called its plan.
The process of determining a company's purpose for being, identifying objectives targeted at attaining its full potential, and developing progressively distinct duties to achieve those objectives is known as organizational planning. There are four types of organizational planning which includes- strategic planning, tactical planning, operational planning and contingency planning. Strategic plan specifies the company's objectives for a predetermined time frame, whether for one year or 10, and makes sure that they are consistent with the purpose, vision, and values of the organization. A tactical plan is made up of multiple short-term objectives that are typically completed within a year. Operational plans cover all of the ongoing, daily activities required to carry out tactical plans. Contingency plans are backup plans for times of crisis.
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