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This may not, however, be as easy to do in the real world, there may be several limitations to the organizations smooth functioning due to bottlenecks in different departments like the human resources, operations and finance. A good plan must incorporate these limitations into its structure, to be able to deal with them when the time comes. A suitable time frame is necessary to be able to achieve the objectives in a systematic fashion. A plan period sets apart a number of days or months, depending upon the nature of the plan, after accounting for the objectives, premises and limitations it might be subject to. This time frame is an objective in itself and acts as a guideline for fulfillment of the various aspects of the plan. Care must be taken to ensure that the plan period is reasonable and not over enthusiastic or pessimistic about the objectives. The basic function of any plan is to lay down certain policies and adopt strategies which will propel the organization toward its goals. The top management of the organization, in consultation with the subordinates, must outline these strategies. Policies can be of various kinds such as new audit norms for the finance department or changes in hiring practices for the HR department. Strategies are broader in their scope and are more focused on short term or long term results. Alternative strategies and plans must also be formulated as fall backs, in case changes are required during the plan period.



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