Mpob planning final(with akshay)

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  • Planning is the process of thinking about and organizing the activities required to achieve a desired goal. It involves creation and maintenance of plan.
  • Provides directionReduces uncertaintyMinimizes waste and redundancySets the standards for controlling
  • Certainty Risk Uncertainty
  • Mpob planning final(with akshay)

    1. 1. Made By: Ankit Verma 107 Gaurav 108 Pooja 109 Parana 110 Saumya 112
    2. 2. CONTENT • • • • • • • • • About Planning Purpose of Planning Elements of Planning Strategies and Tactics Types of Strategies Seven S Model Planning tools and Techniques Advantages and Limitation of Planning Decision Making Process Model
    3. 3. What is Planning?? Planning is the Process of: Thinking Organizing It involves creation and maintenance of plan. Desired Goals
    4. 4. Purpose of Planning Provides Direction Sets the Standards for Controlling Reduces Uncertainty Minimizes waste and redundancy
    5. 5. Elements of Planning • GOALS: are the End results to be achieved. They give direction to activities and require creative thinking and foresight. • PLANS: Written account of intended future course of action aimed at achieving specific goal or objective within a specific timeframe. It explains in detail what needs to be done, when, how, and by whom, and often includes best case, expected case, and worst case scenarios.
    6. 6. Types of Goals Financial Goals GOALS Strategic Goals Stated Goals versus Real Goals
    7. 7. Types of Plans Strategic Plans Tactical Plans Operational Plans
    8. 8. The Hierarchy of Organizational Plans Mission Statement Strategic Plans Operational Plans • Broad Organizational Goals • Based on Planning premises, which justifies an organization’s existence • Plans designed to meet an organization’s broad goals. • Plans that contain details for carrying out, or implementing, those strategic plans in day-to-day activities.
    9. 9. Strategies and Tactics Strategies • Aimed at counteracting the actions of the opponents. Tactics • Immediate decisions based on the executive’s judgement and experience whilst facing an actual situation
    10. 10. Types of Strategy Corporate Level Business Unit Functional Level
    11. 11. The Seven-S model STRUCTURE STRATEGY SYSTEMS Subordinate Goals STYLE SKILLS STAFF
    12. 12. Planning Tools and Techniques Accessing the Environment: Scanning Forecasting Bench Marking Allocating Resources
    13. 13. Contemporary Planning Techniques : Project and Project Management Scenario and Scenario Planning Contingency Planning
    14. 14. Advantages of Planning Increases the organization’s ability to adopt future eventualities. Helps crystallize objectives. Ensures a relatedness among decision. Reduces mistakes and oversights/ unnecessary pressures of immediacy. Ensures a more productive use of resources. Increases effectiveness of a manager. Makes control easier. Helps the company remain more competitive in its industry .
    15. 15. Limitations of Planning Effectiveness depends upon correctness of assumptions Planning is expensive Planning delays actions Encourages a false sense of security
    16. 16. How to make Planning Effective..? Coordination Communication Participation Proper Climate
    17. 17. The Rational Model of Decision Making Investigating the situation Developing an alternative •Defining the problem •Diagnosing the causes •Identifying the decision objective •Seek creative alternative •Evaluation at the next stage Implement & monitor Evaluate alternatives & select the best one • Plan implementation •Make necessary adjustments •Evaluate •Select the best alternative
    18. 18. Continuum of decision making In making a decision , managers must weigh alternatives involving future events that are difficult to predict . Therefore , decision making is categorized on a continuum ranging from : Risk Uncertainty Certainty
    19. 19. Certainty • Objective is known. • Complete information about each alternative is known. Risk • Unpredictable outcome of an alternative. • But enough information to predict the probability that desired state is achieved. Uncertainty • High unpredictability about the alternative and the outcome. • Due to External conditions and unavailability of key information.
    20. 20. PLANNING & CONTROLLING: UNENDING PHENOMENON Planning Results Controlling: Corrective Measures & Follow Up
    21. 21. Case Study: Planning For A Miracle On 34th Street Shifted focus from glizty goods to moderated priced goods. Installed new satellite network to connect suppliers with sales people. Launched their own 24*7 Cable channel to advertise & sell their goods.
    22. 22. “Developing the plan is actually laying out the sequence of events that have to occur for you to achieve your goal.” ― George L.Morrisey

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