Managerial Planning

What are the types of plans? How are they distinguished from one another? Do you think plans with incremental objectives are more effective than those that contain stretch goals? Why or why not? Support your opinion with outside resources.

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Lack of planning is planning to fail. Among the various types of plans is the strategic plan which mainly focuses on the future whereby a company acknowledges its strengths and weaknesses and clearly stipulates every nook and cranny on the path in which the company will take so as to achieve the goals and objectives that it has set forth. These types of plans are mostly visionary and mostly involve everything that pertain the organization (Types of Planning: Strategic, Tactical, Operational & Contingency Planning). Tactical………………..

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