BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Single Use Plan
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Standing plan
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Detailed explanation-1: -Single-use plans are also known as ‘specific plans’ since their objective is to solve a particular problem. These plans are formulated to handle a non-repetitive and unique problem. Such single-use plans cannot be used repeatedly since they become useless after they have achieved their objective.
Detailed explanation-2: -Difference Between Single-Use Plan and Standing Plan Single-use plans are for a shorter period and are repeatedly worked out in case of need. Standing Plans are formulated for a longer period. Single-use plans are based on the standing plan of an organisation. These plans advise in the matters of daily routine.
Detailed explanation-3: -Strategic planning is a process in which an organization’s leaders define their vision for the future and identify their organization’s goals and objectives. The process includes establishing the sequence in which those goals should be realized so that the organization can reach its stated vision.
Detailed explanation-4: -What is a single-use plan? A single-use plan, also known as a specific plan, is a strategy used to achieve a unique one-time business goal. It’s a plan created to address a specific situation or problem that becomes obsolete the moment the project or task is complete.