Read the passage carefully and answer the following question.

Planning at GreenTech Solutions

GreenTech Solutions, a renewable energy startup, wanted to expand its operations into the solar panel market. To achieve this, the management developed a structured planning process using different types of plans.
The company set a five-year goal to become the top solar panel provider in the region. This included a mission to promote sustainable energy and reduce carbon footprints.

To support the strategic goal, the company devised a plan to establish partnerships with suppliers and secure contracts with government and private organizations for solar installations.

The production team outlined daily and weekly targets for manufacturing solar panels, ensuring quality control and timely delivery. The management prepared for potential risks like raw material shortages by securing multiple suppliers and maintaining a reserve inventory.

A detailed budget was created, allocating resources for manufacturing, marketing, and R&D to ensure cost efficiency.
By aligning all types of plans, GreenTech Solutions successfully launched its solar panels, captured a significant market share, and established itself as a leader in the renewable energy sector within three years.

Identify the type of plan not highlighted in the case.

Rule

The correct answer is Option (2) → Rule.

Rule is not highlighted in the case.

Rules are specific statements that inform what is to be done. They do not allow for any flexibility or discretion. It reflects a managerial decision that a certain action must or must not be taken. They are usually the simplest type of plans because there is no compromise or change unless a policy decision is taken.

OTHER OPTIONS

• Objective- “The company set a five-year goal to become the top solar panel provider in the region.
  ”This is a clear objective or end result the company wants to achieve.

• Strategy- “The company devised a plan to establish partnerships with suppliers and secure contracts with government and private organizations for solar installations.”
  This is a strategic plan — a broad approach to achieving long-term goals.

• Budget- “A detailed budget was created, allocating resources for manufacturing, marketing, and R&D to ensure cost efficiency.”
  This is explicitly a budget, a financial plan.