How Do Managers Plan?(cont.) The Role of Goals and Plans in Planning (cont.) T乃pes of Plans(cont.) long-term plans-time frame beyond three years -definition of long term has changed with increasingly uncertain organizational environments oshort-term plans-cover one year or less specijic plans-clearly defined with little room for interpretation -required clarity and predictability often do not exist directiona plans-flexible plans that set out general guidelines -provide focus without limiting courses of action ©Prentice Hal,2002 7-12How Do Managers Plan? (cont.) The Role of Goals and Plans in Planning (cont.) – Types of Plans (cont.) • long-term plans - time frame beyond three years – definition of long term has changed with increasingly uncertain organizational environments • short-term plans - cover one year or less • specific plans - clearly defined with little room for interpretation – required clarity and predictability often do not exist • directional plans - flexible plans that set out general guidelines – provide focus without limiting courses of action © Prentice Hall, 2002 7-12