the state or condition of having little or no money, goods, or means of support; condition of being poor. Synonyms: privation, neediness, destitution, indigence, pauperism, penury. Antonyms: riches, wealth, plenty.
Part of the Business terms glossary: An action plan is a document that lists what steps must be taken in order to achieve a specific goal. The purpose of an action plan is to clarify what resources are required to reach the goal, formulate a timeline for when specific tasks need to be completed and determine what resources are required.
An Operating Plan is used to plot specific actions or tactics forgetting the Strategic Plan implemented. Operating Plans consist of budgets, functional plans,financial plans, contingency plans, and other specific plans. Throughout this entire process,changes and updates can take place.