Planning and Improvements Over Times:
Planning Periods
On the basis of the time involved, planning is classified into three parts namely long range planning, medium range plans, and at last short range planning. The detail descriptions of all are given as :
Long Range Planning
Planning horizon of one year.
Medium Range Planning
Planning horizon lies in the range of 6-12 months.
Short Range Planning
Planning horizon of 1 week or 1 day.