Planning is concerned with determination of the objectives of the organization and formulating strategies, policies, rules and programmes to accomplish the objectives.

Repeated use plans or standing plans: It is a type of plan which is used in the organization again and again. It is long term in nature. They act as a ready guide for actions.

Standing plans are of different types as follows: 

1. Objectives- Objectives are the end towards which the activities of an organization are directed. They are set up by the top management. They lay down guidelines for the activities and serves as a bench mark for measuring the performance of the organization. Usually the objectives are put in the form of written statement.

2. Strategies- Strategies are the specific programmes of action for achieving the objectives of the organization by employing the resources efficiently and economically. It is formulated by the top management for successful accomplishment of the objectives in the organization. 

Formulation of strategy involves three aspects:

1. Determination of the long term objectives 

2. Adopting a course of action to achieve the objectives 

3. Allocating resources necessary to achieve the objectives. 

Examples of strategies: Strike iron while it is hot Divide and rule Time is a great healer.