Preview

Single-Use Plans

Good Essays
Open Document
Open Document
413 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Single-Use Plans
Question:

Plans developed for activities that are not likely to be repeated in the future are called single-use plans (programs and projects).

This can apply in many businesses. Can you think of a good example of this used recently? are there always positives when using single-use plans or can they sometimes backfire? And if a single use plan is very successful, is it possible that it might be used again? Do single use plans lose their effectiveness after one use?
Responses:
1. Wouldn’t a budget be a single-use plan? Setting a budget for the month or year is usually a project a manager has to work on for some time, since they are asked to predict what they will need to run a business effectively. This type of plan, along with any type of plan, can have positive and negative feedback, which would then leave the level of success to depend on the effectiveness of solving the problem. If a plan, a budget, or a project has positive results the ideas will usually be remembered by someone in the company, giving it the potential to be used or incorporated in other projects. But as for duplicating the exact plan, I don’t think any plan is exactly duplicated, plans tend to need a little adjusting to fit the needs of the situation that is arising.
2. yes I agree with you erin because the thought occurred to me that if businesses copied their competition their business would be in terrible shape because they would be using the same plan as their competitor... which would not make any sense. this also makes me think that using the same plan over and over would be ineffective eventually.. do to the fact that in the world today, innovation is replacing tradition.
3. An example of a single-use plan would be the Business Administration bus trip to a local business. That could be considered a project/program. It is repeated though, but in different forms each time. I think the whole concept of single-use plans though means just as it state, to use it once. I find it

You May Also Find These Documents Helpful

  • Satisfactory Essays

    4. Describe a nonprice competition strategy that you have seen a company use. Do you think this strategy was effective? Why or why not? (3-6…

    • 739 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Hcs 571

    • 1318 Words
    • 6 Pages

    A budget is an instrument used to help managers ensure that the resources used effectively and proficiently toward the goals of an organization. A budget projection can be made on a yearly base depending on previous year or existing one. They can further be broken down quarterly or monthly depending on it use. Generating a budget is complex undertaking, and for a budget to be effective the organization ought to follow it strictly. However, no matter how closely a business follows their guidelines there will always be some form of variances. The organization should expect a few variances and be able to work these discrepancies in any budget constraints.…

    • 1318 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Operating Budgets Paper

    • 1124 Words
    • 4 Pages

    Budgets are systematic plans that organizations use to manage objectives and goals. They are important documents that bring out important aspects of the organization and provide information to direct that organizations activities (Johnson, 2005). They are basic planning tools that help managers make decisions within the organization. Budgets vary in different organizations by type and size. They are routine and an important part of any organization.…

    • 1124 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    There are different types of plans for an organization like examples, a financial plan, a production plan, a sales plan and etc. My organization uses very similar plans like the ones I mentioned because in order to have a success business one must plan ahead and have a future view of the organization.…

    • 318 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Assesment 3

    • 436 Words
    • 1 Page

    4. Describe a nonprice competition strategy that you have seen a company use. Do you think this strategy was effective? Why or why not? I have seen Wal-Mart give buy one get one free products. This is a good strategy because it gives the customer the chance to get a second item for free.…

    • 436 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Program planning is defined as a process that involves the development and use of activities, setting up goals, objectives, activities and a means to evaluate them. The process presents the argument and the logic that justifies the need for a program (Yuen, Terao, 2003).…

    • 325 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Project plan: The process of building the database is a project. The team will create a detailed project plan that provides tasks, resources, schedules, and a budget that is required to complete the project. In this step, Microsoft Project is used for representing the details of the project. Included in this step are communications and scope change management discussions for managing the database plan effectively.…

    • 3100 Words
    • 13 Pages
    Better Essays
  • Satisfactory Essays

    Plan Implemation

    • 352 Words
    • 2 Pages

    Without practice, an unexpected disaster can overwhelm employees and could leave the companies ability to do the plan at a high. This can cause loss of productivity and could potentially lose revenue as well.…

    • 352 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Program planning is when a program or service that might be needed in a certain community or city. It is a plan that someone puts together so that the program will work to help better serve people who need help or even make a company function better. A program is put into place so that it can help the person or company with goals, activities, rules, objectives, and different procedures that a person, company or organization needs so that it can run productively. When a person or group of people start planning a program it helps to get the process and the grant to work, furthermore, program planning has a procedure to attain certain future goals. If a program is not working very well anymore then program planning can be used in this situation so that the program has a clear understanding and problems can be addressed so that they can receive grant approval.…

    • 315 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    A budgeting process based on sound concepts of planning and control can help a company create value. Budgeting serves as a planning and controlling system by documenting the goals and performance objectives in financial terms, then using those plans throughout the year. Monthly performance reports compare budgeted results, with actual results. To control…

    • 1600 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    There are two different types of budgeting periods, periodic moving budget and milestone budgeting (Liebler & McConnell, 2012). Both types of budget periods are very useful, however the company should pick the type that best suits their requirements and limits. In addition, there are also various types of budgets and different approaches to budgets; again, the company should pick the method that best suits their needs and limits. It might also be beneficial for a company to have a general audit in order to prevent issues such as fraud. In addition, I would also make sure to follow the budgetary process. There needs to be an initial preparation, review and approval process, and then an implementation phase (Liebler & McConnell, 2012). Furthermore, I would also follow the six requirements of a sound budgetary procedure, which includes: a sound organizational structure, consistent budget period, development of adequate statistical data, reporting system, uniform code, and a regular audit system (Liebler & McConnell, 2012). By following the budgetary process and the six procedure requirements, I could ensure that my budgeting plan would be effective and fit the requirements…

    • 666 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Flexible Budgets Acc 543

    • 971 Words
    • 4 Pages

    A budget is a quantitative expression of a plan of action. Budgets help to coordinate and implement plans and are considered as chief devices for disciplining management planning (Horngren et al. 2008). It is very important for employees to understand the concept of budget operations. Knowing budget operations can eliminate the possibilities for incorrect information to be reported.…

    • 971 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Project Plan

    • 9315 Words
    • 38 Pages

    Writing the project plan provides a structured framework for thinking about how the project will be conducted. A significant value of writing a project plan is the process rather than the outcome. It forces the players to think through their approach and make decisions about how to proceed. A project plan can be formal, as stakeholders and supporters approve documents and procedures used to guide both project execution and project control. Overall, project plans create a system of document forecast assumptions and decisions, push communication amongst stakeholders, substantiate approved scope, cost and schedule baselines.…

    • 9315 Words
    • 38 Pages
    Good Essays
  • Better Essays

    Budget planning also helps manager to have easy access to review each project’s profitability to help in decision making if there is any loss making projects to be terminated. Budgeting increase the control of the managers within the organisation so that the manager could ensure the organisation is on the right track in achieving future goals and…

    • 1142 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Variance Analysis

    • 902 Words
    • 3 Pages

    When receiving the monthly budget at the beginning of the month, the managers have to assume how to use the budget amount given wisely. Given that the employees need materials to get the job done, there are separate budget amounts for specific areas that need to be dispersed accordingly. For example, working at a health care industry in the materials management department, the supplies that are needed for the department need to be available in order for the department to run such as: computers, handheld inventory scanners, and carts. Some of these items have already been purchased prior to when the facility was open for business, and the life span for some items such as carts, have a long life spam, therefore planning the budget for supplies monthly, sometimes does not need to be met, because all the supplies needed has already been supplied for the employees already. Under budgeting is a safe assumption for this specific department because it would save money for the department in the long run. For example if one of the carts broke, and cannot be repaired, they would have…

    • 902 Words
    • 3 Pages
    Satisfactory Essays