action plan

  

Definition

A sequence of steps that must be taken, or activities that must be performed well, for a strategy to succeed. An action plan has three major elements (1) Specific tasks: what will be done and by whom. (2) Time horizon: when will it be done. (3) Resource allocation: what specific funds are available for specific activities. Also called action program.

Use action plan in a sentence

  • "Yes, " the accountant agreed, "Not lighting your cigar with that stack of twenties, and putting it in the bank instead is definitely an action plan I can endorse --- after my fee, of course."

    8 people found this helpful    
  • You should always have a good action plan in place if you want to be able to handle any problem that arises.

    11 people found this helpful    
  • Our action plan was absolutely terrible and I knew we would be killed immediately after moving from where we were.

    4 people found this helpful    
Show more usage examples...

Notable Quotes

  • Potential in Life
    "Both in physics and in life, having potential means nothing until it turns to kinetic energy."
    - Siam Luu

Related Videos




http://www.businessdictionary.com/definition/action-plan.html

Mentioned in these terms

Have a question about action plan? Ask for help in the
Community
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z