1. PLANNING
[“WELL PLAN IS HALF WORK DONE”]
Presented By:
Dhaval Modi

2. PLANNING
[“WELL PLAN IS HALF WORK DONE”]
Presented By:
Dhaval Modi

3. OBJECTIVE

To share the IMPORTANTS of Planning &
planning process.

4. WHAT IS PLANNING???
Forward thinking process
 Planning (also called forethought) is the
process of thinking about and organizing the
activities required to achieve a desired goal.


5. 
“Planning is deciding in advance what to do,
how to do and by whom do it. Planning bridges
the gap between where we are to, where we
want to go. It makes possible things to occur
which would not otherwise occur”.
- Koontz & O‟Donell

6. WHY PLANNING IS REQUIRED?
To minimizes uncertainty
 To focus attention on objective
 To gain economical operation
 TO facilitates co-ordination.
 To facilitate controlling
 To Provides competitive edge.
 To Encourages innovations.
 To Improve employee „s moral.


7. CHARACTERISTICS OF PLANNING
Goal-oriented.
 Looking ahead
 An intellectual process.[Not a mere guesswork ]
 Involves choice & decision making.
 Primary function of management
 Continuous Process
 All Pervasive [required at all levels of
management and in all departments]
 Designed for efficiency
 Flexible.


8. PLANNING PROCESS

9. TYPES OF PLANNING
Strategic planning
 Operational planning
 Result management


10. STRATEGIC PLANNING
Broad base & conceptual
 Deal with future
 Developed early in the fiscal year or in
APM/AGM
 CEO/MD/top management persons involved


11. OPERATIONAL PLANNING
Developed after the strategic plan
 Focused on short term organization
destination.
 CEO/COO/ All managers


12. RESULT MANAGEMENT PLANNING
On going mechanism for executive for
monitoring the implementation and results of
both strategic & operational plans
 All manager, key employee involved
 Daily, weekly, monthly, On going


13. ADVANTAGE
Increases the efficiency of an organization.
 Reduces the risks involved in modern business
activities.
 Facilitates proper coordination within an
organization.
 Aids in organizing all available resources.
 Gives right direction to the organization.


14. Important to maintain a good control.
 Helps to achieve objectives of the organization.
 Motivates the personnel of an organization.
 Encourages managers' creativity and
innovation.
 Helps in decision making.


15. DISADVANTAGE
Rigidity
 Misdirected Planning
 Time consuming
 Probability in planning
 False sense of security
 Expensive


16. EXTERNAL LIMITATION
Political Climate
 Labour Union
 Technological changes
 Policies of competitors
 Natural Calamities
 Changes in demand and prices


17. Thank You !
Connect with us:
www.mastermindindia.in | info@Mastermindindia.in