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Nature and process of planning
- 1. Nature and Process of Planning Rowen Remis R. Iral 2012 November 12 Organizational Management
- 2. Definition of Plan Typicallyany diagram or list of steps with timing and resources, used to achieve an objective Temporal set of intended actions which one expects to achieve a goal.
- 3. Plans Structured and formal plans Informal or ad-hoc plans
- 4. Definition of Planning Forethought Forecasting
- 5. Steps in Planning Process Goal Setting Plans are means to achieve ends or objectives Objective – clear, specific and informative Tools: Mind map SMART Specific, Measurable, Attainable, Realistic, Time- bound
- 6. Steps in Planning Process Developing the planning premises Assumptions and conditions must be clearly defined Tools: Decision Table
- 7. Steps in Planning Process Reviewing Limitations Constraints or Limitations Finance Human Resources Materials Power Machinery Tool: SWOT Analysis
- 8. Steps in Planning Process Deciding the Planning Period Too much planning can also cause delay and overcautious actions
- 9. Steps in Planning Process Formulation of Policies and Strategies Alternative plans Controlling activities in the future
- 10. Steps in Planning Process Preparing Operating Plans Operations plans / Basic Plan Procedures Programmers Schedules Budgets Rules
- 11. Steps in Planning Process Integration of Plans Different plans must support each other Sequence and alternatives Reviewing and revising plans Communication of plans
- 12. SWOT Analysis The most renowned tool for audit and analysis of the overall strategic position of the business and its environment. Its key purpose is to identify the strategies that will create a firm specific business model that will best align an organization’s resources and capabilities.
- 13. Internal Analysis Strengths Qualities that enable to accomplish the organization’s mission Weaknesses Qualities that prevents from accomplishing mission and achieving company’s full potential
- 14. External Analysis Opportunities Competitive advantage Threats Competition Survivality
- 15. Common Planning Problems Agreement on definitions and terminology. Needs accurate information and correct assumptions. High standards of planning for complex organization
- 16. Strategy Plan of action designed to achieve a specific goal. Gaining or being prepared to gain a position of advantage over adversaries or best exploiting emerging possibilities
- 17. Strategic Planning Process Mission& Objectives Environmental Scanning Strategy Formulation Strategy Implementation Evaluation and Control
- 18. Environmental Scan Internal Analysis of the Firm Analysis of the firm’s industry (task environment) External Macroenvironment (PEST/STEP) Political Economic Social Technological
- 19. Planning Types Strategic Planning Business Planning Financial Planning
- 20. Questions?
- 21. Thank you. Rowen Remis R. Iral IT Engineer Technology, Management, Strategy