Differentiate Single use and Standing plans
Differentiate between the terms Single use and Standing plans?
Expert
SINGLE USE PLANS and STANDING PLANS their differences on basis of following:-
1. Meaning
SINGLE USE PLANS:
A single-use plan in a business refers to plans developed for a one-time project or event that has one specific objective.
STANDING PLANS: A standing plan in a business refers to plans developed for using over and over again because they focus on organizational situations that occur repeatedly.
2. Objective:
SINGLE USE PLANS: Single use plan is developed to carry out a course of action that is not likely to be repeated in future time.
STANDING PLANS: Standing plan however is developed for activities that occur regularly over a period of time.
3. Scope:
SINGLE USE PLANS: Single use plans generally encompass a narrow scope targeting a specific project or event.
STANDING PLANS: Standing plans generally encompass a wider scope involving more than one department or business function.
4. Stability:
SINGLE USE PLANS: Single use plans are discarded when the situation, project or event is over.
STANDING PLANS: Standing plans are relatively stable and used over and over again with necessary modifications or updation.
5. Example
SINGLE USE PLANS: Budget for Annual General Meeting of shareholders.
STANDING PLANS: Employment as well as selection procedure for a particular post in the company.
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