Standing Plan Example

What is Standing Plan Example? The below diagram explains Standing Plan Example. This chart shows an important concept or a framework to help one run their business, improve company's strategy, internal processs, enhance project management, technology, and client experience.

Standing Plan Example

A plan is a detailed course of action proposing a decision, intention, or set of steps required to achieve a particular goal. For a business owner, this strategic direction is captured by your business plan. Writing a business plan is vital for your business to succeed. However, there are times when you will need to implement individual plans to better manage strategic initiatives. These can be broken down into two types of plans: single-use and standing plans.

A single-use plan, also known as a specific plan, is a strategy used to achieve a unique one-time business goal. It’s a plan created to address a specific situation or problem that becomes obsolete the moment the project or task is complete. It’s not designed to be used over a long period of time, and its overall use depends on the time it’ll take to implement programs or projects. An example of a single-use plan is when a business is exploring the launch of a new product or service. The enterprise wants to have a well-planned event that will announce to consumers that the product is on the market. The business’s marketing team creates a single-use plan detailing how it plans to take care of that issue to ensure that event is successful. When the launch date comes, all the business has to do is follow the single-use plan to the letter. The product will have been launched into the market by the end of the day. During that process, the single-use plan is effective. When that’s over, the specific operations plan ceases to be helpful.

A standing plan is a more comprehensive plan that’s intended to be used repeatedly. In general, it’s created to meet the needs of recurring decisions and actions. It serves as a business’s go-to resource for establishing a set of rules, policies, and procedures for recurring common situations. This type of planning includes your broad business goals, strategies, and milestones that you need to hit to grow. An example of a standing plan is when a company wants to improve the customer experience for its product. It needs to come up with the right strategy to connect with customers on an ongoing basis and better understand their pain points. To do so, they establish a procedure to ask the customers to provide contact details when buying their products/services. Later, they can follow up by requesting their customer to rate their experience and provide a short explanation if possible. That way, they’ll know how a customer felt about interacting with them and if there’s an area that they’d like to be improved. The same procedure can then be followed whenever a customer buys a product/service.

In summary, a single-use plan is a plan created to address a specific situation or problem that becomes obsolete the moment the project or task is complete. A standing plan is a more comprehensive plan that’s intended to be used repeatedly. It serves as a business’s go-to resource for establishing a set of rules, policies, and procedures for recurring common situations.