Summarize this article in one sentence.
The management plan serves the purpose of formalizing the procedures and policies crucial to your organization and the responsibilities and authorities of everyone involved in running it. Without a plan, your operations may be inconsistent, responsibilities might be unclear, and the organization may be unprepared for certain events. A management plan allows everyone in the organization to clearly see their place, including who they report to, who reports to them, and the responsibilities of their position. Defining roles also creates accountability by making it clear who's fault it was that something did or did not happen. Your management plan will have to contain a number of key elements. Create a simple outline, perhaps on a whiteboard or word processor, that shows the parts of your management plan so that you and your team can move through them. Your plan should include the following sections: A description of management structure. A section detailing management members and their responsibilities and authorities. A chart of section detailing interactions between and responsibilities of each level of the organization. A section explaining different aspects of your organization being managed and the policies and procedures of that management. A schedule for updating, enhancing, and growing management and the management plan. Each organization or business has a slightly different management structure. At the start of your plan, outline clearly with words or diagrams your management structure. Identify who makes the final decisions, whether it is management, a board, or one person. Include external and internal decision-makers and consultants. If necessary, explain how decision-making is allocated to different levels of the hierarchy. Divide up all of the processes and functions being managed as part of the management plan into categories. These categories may be different departments in a large business or business processes in a small one. Common aspects of operations might include managing employees, overseeing finances, controlling inventory or supplies, marketing or public relationships, and operations (like manufacturing or sales). Split up the different aspects of your organization so that you can define management roles and procedures for each.

Summary:
Determine the need for a management plan. Outline your plan. Describe your management structure. List different aspects of your organization being managed under the plan.