2. MEANING OF PLANING
Planning is a projected course of
action and through planning we can
achieve goal
Planning is deciding in advance what
to do, how to do it, when to do it and
who to do it.
3. NATURE OF PLANNING
Planning is a goal oriented.
Pervasiveness of planning.
Planning should be efficient.
Planning should help in economy.
Planning helps in coordination.
Planning helps in flexibility.
Planning is a primary function
Planning is all-pervasive
Planning is a continuous process
Planning is forward-looking
Planning involves choice
Planning is directed toward efficiency
4. IMPORTANCE OF
PLANNING
Planning helps to set the objectives.
Planning helps to avoid the
uncertainty and change.
Planning helps in coordination.
Planning helps to make the control
effective.
Planning helps to run the organization
effectively.
5. Importance of planning
Focuses attention on objectives and
result
Reduces uncertainty and risk
Provides sense of direction
Encourages innovation and creativity
Helps in co-ordination
Guides decision-making
Provide efficiency in operation
6. ADVANTAGE OF PLANNING
Planning helps in future change.
Planning helps to set up the standard
for organization.
Planning says the proper utilization of
resources.
Planning helps to win over competitors
and rivals.
7. DISADVANTAGE OF PLANNING
Planning is costly.
Planning delays action.
Planning encourage the risk of
uncertainty.
Planning cannot change the
organizational rules.
8. PLANNING PROCESS
Analyze the external environment.
Analyze the internal environment.
Determining your mission and
objective.
Forecasting.
Determining your alternative course of
action.
Selecting the best performing and
review.
10. Group or sectional planning
Group or sectional planning refers to planning
for specific groups or section within a
department or division .
group or sectional planning are formulated
mainly at the opreting level of management .
They have to approved by higher authorities.
11. Departmental or Divisional
Planning
Such planning includes the plans
formulated for various departments or
division of an enterprise. it determines
the scope and activities of a particular
department.
Departmental or divisional plans
are formulated at the middle level of
management and approved by the top
management.
12. corporate planning
Planning for the company as a whole is
known as corporate planning. It lays
down objectives, strategies, and
policies for the entire organization.
corporate planning is done at the
top level of management.