Fundamentals Of Effective Planning

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Fundamentals Of Effective Planning

  1. 1. Fundamentals of Effective Planning Prepared By: Sutanu Maulik 9832281818
  2. 2. Definition In simple words, planning is deciding in advance what action to take, how and when to take a particular action and who are the people to be involved in it. It involves anticipating the feature and consciously choosing the feature course of action.
  3. 3. Nature of Planning  It is goal oriented.  Planning is an intellectual or rational process.  Planning is a primary function.  Planning is all-pervasive.  Planning is forward looking.  It is perpetual process.  Planning is an integrated process.  It involves choice.
  4. 4. Significance of Planning  Focuses attention on objectives.  Offsets uncertainty and risk.  Provides sense of direction.  Provides guidelines for decision making.  Increases organizational effectiveness.  Provides efficiency on operations.  Ensures better co-ordination.  Facilitates control.  Encourages innovation and creativity.  Facilitates delegation.
  5. 5. Types of Plans  By Level, Time and Scope.  Mission statement is a statement of an organization’s fundamental purpose.  Strategic Plans (Long term) are goals set by and for top management of the organization that address broad, general issues.  Tactical Plans (Intermediate term) are set by and for middle managers; their focus is on how to operationalize actions to strategic goals.  Operational Plans (Short Term) are set by and for lower-level managers to address issues associated with tactical goals. Copyright © 2005 by Houghton Mifflin Company. All rights reserved. 3–5
  6. 6. Types of Plans… … Contd.  By Frequency of use.  Single use plans: It is made for achieving some specific goals and design to deal with a unique situation  Standing Plans: It refers to specific actions which have been developed for dealing with recurring situations.
  7. 7. StepS In the plannIng proceSS • Analyzing opportunities. • Establishing objectives. • Determining planning premises. • Identifying alternatives. • Evaluating available alternatives. • Selecting the most appropriate alternatives. • Implementing the plan. • Reviewing the plan.
  8. 8. Pre re quis ite s fo r Effe c tive Plan  Establishing the right climate for planning.  Clear and specific objectives.  Planning premises.  Initiative at top level.  Participation in planning process.  Communication of planning elements.  Integration of long term and short term plans.  An open system approach.  Management of information system.
  9. 9. Limitations of Planning  Lack of accurate information.  Time consuming process.  Expensive.  Inflexibility.  Resistance to change.  Environmental constrains.  Lack of ability and commitment.  False sense of security.  Reluctance to establish goals.
  10. 10. Thank You

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