Directional plans are
the flexible plans that set out general guidelines
. Such plans are preferable in a dynamic environment where management must be flexible in order to respond to unexpected changes.
What are the directional strategies?
Directional options strategy is
a strategy investors use to make money by betting on the direction of the market
. The four types of strategies are bull calls, bull puts, bear calls, and bear puts. The strategies help decrease the cost of options, volatility.
What are specific and directional plans?
Specific plans have clearly defined objectives
. … Directional plans, on the other hand, identify general guidelines. They provide focus but do not lock managers into specific objectives or specific courses of action. Some plans are meant to be used only once; others are used repeatedly.
What is an example of a standing plan?
Standing plans are plans designed to be used again and again. Examples include
policies, procedures, and regulations
. The advantage of standing plans is that they foster unity and fairness within an organization and help to support stated organizational values.
What are specific plans?
A Specific Plan is
a planning document that implements the goals and policies of the General Plan
. These plans contain detailed development standards and implementation measures to which future projects located within a specified geographic area must adhere. A Specific Plan is a popular form of a land use overlay.
What is the basic difference between directional plan and specific plan?
Those plans which are clearly defined and leave no room for interpretation are called specific plans. Such plans require
specific stated objectives
and do not contain ambiguity. Directional Plans: Directional plans are the flexible plans that set out general guidelines.
What are directional goals?
A directional goal is
one where we are motivated to arrive at a particular conclusion
. We will thus narrow our thinking, selecting beliefs, etc. that support the conclusion. The lack of deliberation also tends to make us more optimistic about achieving the goal.
How many directional strategies are there?
There are
3 types
of directional strategies: differentiation, low cost, and innovation.
What are non-directional strategies?
Non-Directional strategy means
a combination of options capable of making a pay-off that is indifferent to which direction the underlying is going to go
.
What is a directional risk?
Directional risks are
those risks where the loss arises from an exposure to the particular assets of a market
. For e.g. an investor holding some shares experience a loss when the market price of those shares falls down. Non-Directional risk arises where the method of trading is not consistently followed by the trader.
What is the most specific type of standing plan?
The three major kinds of standing plans are
policies, rules, and answer
“C,” procedures. … Projects and programs are not kinds of standing plans, as they are single-use in nature; that is, they are meant to be followed for a specific task or a specific period of time but are not meant to be used repeatedly.
What are the 4 types of planning?
- Operational Planning. “Operational plans are about how things need to happen,” motivational leadership speaker Mack Story said at LinkedIn. …
- Strategic Planning. “Strategic plans are all about why things need to happen,” Story said. …
- Tactical Planning. …
- Contingency Planning.
Which is not standing plan?
A plan which is neither single or standing plan is
Objectives
. Objectives are not single use plan because objectives are made for longer duration and cannot be treated as single use. … So objectives are neither single use plan nor standing plan.
How do I create a specific plan?
- Write down your goal.
- Create a plan by dividing your goal into chunks.
- Review your plan daily.
- Stay on target.
What are the 3 types of planning?
There are three major types of planning, which include
operational, tactical and strategic planning
.
What is the master plan?
A master plan is a
dynamic long-term planning document
that provides a conceptual layout to guide future growth and development. … A master plan includes analysis, recommendations, and proposals for a site’s population, economy, housing, transportation, community facilities, and land use.
