what is single use and standing plan.??
SINGLE USE PLAN
A Single use plan in a business refers to plan developed for a one-time project or event that
has one specific objective. It applies to activities that do not recur or repeat. It is specifically
designed to achieve a particular goal.. Such Plan is developed to meet the needs of a unique
situation. The length of a single-use plan differs greatly depending on the project in question,
as a single event plan may only last one day while a single project may last weeks or months.
For example, an outline for an advertising campaign. After the campaign runs its course, the
short term plan will lose its relevance except as a guide for creating future plans.
STANDING PLANS
Standing plans are used over and over again because they focus on organizational situations
that occur repeatedly. They are usually made once and retain their value over a period of
years while undergoing revisions and updates. That is why they are also called repeated use
plans. For example, Business plan to establish a new business. Entrepreneurs draft business
plan before opening the doors to their business, and they can use their plan to guide their
efforts for years into the future.