Instructions

• The Forum
• Lively and respectful discussions are encouraged
• Daily readings
• Weekly discussion questions
• Quizzes and Worksheets
• On eLearning platform
• Tests (Please note that your account must be up-to-date for you to take part in the test)
• Multiple choice questions
• Shorts answer questions
• Long answer questions
• All assessments will be graded and contribute to your continuous assessment marks
•Enquiries and questions
• Name of Lecturer Mr W. Mushonga
• Head of Department – Name of HoD Mr Manongwa

09 June 2020 Business Management 2 1

LECTURER’S FULL DETAILS

 MR WILLIAM MUSHONGA:
 CONTACT NUMBER: 0816605346
 Email-address: wmushonga@collegelingua.com

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Lesson Overview
 This lesson will focus on understanding components of different
types of plans.

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Lesson Objective(s)
 At the end of the lesson, students will be able to:
 a) Discuss the components of different types of plans.

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Operational Planning

 This type of planning typically describes the day-to-day running of the company.
 Operational plans are often described as single use plans or ongoing plans.
 Single use plans are created for events and activities with a single occurrence
(such as a single marketing campaign).
 Ongoing plans include policies for approaching problems, rules for specific
regulations and procedures for a step-by-step process for accomplishing
particular objectives.

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 Strategic Planning

 Strategic planning includes a high-level overview of the entire business.

 It’s the foundational basis of the organization and will dictate long-term decisions.
 The scope of strategic planning can be anywhere from the next two years to the next
10 years.
 Important components of a strategic plan are vision, mission and values

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 Tactical Planning

 Tactical planning supports strategic planning.

 It includes tactics that the organization plans to use to achieve what’s outlined in the
strategic plan.
 Often, the scope is less than one year and breaks down the strategic plan into
actionable chunks.
 Tactical planning is different from operational planning in that tactical plans ask
specific questions about what needs to happen to accomplish a strategic goal

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 Contingency Planning

 Contingency plans are made when something unexpected happens or when

something needs to be changed.
 Business experts sometimes refer to these plans as a special type of planning.
 Contingency planning can be helpful in circumstances that call for a change.
 Although managers should anticipate changes when engaged in any of the primary
types of planning, contingency planning is essential in moments when changes can’t
be foreseen.

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 Summary

 We have looked at all the components of the various plans including Operational Plan,
Strategic Plan, Tactical Plan and Contingency Plan.

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Review / discussion questions
 Analyse the application of the operation plan at any company of your
choice.

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Resources

 Electronic Handout/PowerPoint
 References:
 Cronje .Gj de et al (2012) 7th edition impression:
 Introduction to Business Management, Oxford University
Press. Cape Town.
 Business Management 2 study guide

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The End
Thank you

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