How Do Managers Plan?(cont. The Role of Goals and Plans in Planning (cont.) -Types of Plans strategic plans-apply to the entire organi☑ation -establish organization's overall goals -seek to position the organization in terms of its environment operattionallplans-specify the details of how the overall goals are to be achieved -tend to cover short time periods ©Prentice Hall,2002 7-10How Do Managers Plan? (cont.) The Role of Goals and Plans in Planning (cont.) – Types of Plans • strategic plans - apply to the entire organization –establish organization’s overall goals –seek to position the organization in terms of its environment • operational plans - specify the details of how the overall goals are to be achieved –tend to cover short time periods © Prentice Hall, 2002 7-10