(i) Strategy :
This obviously is the next type of plan, the next step that follows objectives. A strategy is a complete and all-inclusive plan for achieving said objectives. A strategy is a plan that has three specific dimensions
- Establishing long-term objectives
- Selecting a specific course of action
- allocating the necessary resources needed for the plan
Forming strategy is generally reserved for the top level of management. It actually defines all future decisions and the company’s long-term scope and general direction.
(ii) Procedure :
Procedures are the next types of plan. They are a stepwise guide for the routine to carry out the activities. These stepwise sequences are to be followed by all the employees so the activities can be fulfilled in an organized manner.
The procedures are described in a chronological order. So when the employees follow the instructions in the order and completely, the success of the activity is pretty much guaranteed.
Take for example the procedure of admission of a student in a college. The procedure starts with filling out an application form. It will be followed by a collection of documents and sorting the applications accordingly.
