Realistic and attainable given current resources.
, which are the assumptions about the environment (e.g., economic or technological forecasts) in which the plan will operate. principles of management unit 2 ppt
Once the master plan is chosen, managers create secondary plans (e.g., hiring schedules, marketing budgets, equipment purchases) to support it. The plan is then launched and continuously monitored. 3. Slide 7-9: Types of Plans and Hierarchical Planning Realistic and attainable given current resources
It is the foundational function of management; organizing, leading, and controlling cannot occur without it. Key Characteristics: Realistic and attainable given current resources.