5. Objectives:
• The students will be able to;
1. Understand the nature of planning
2. Understand the different types of plans.
3. Describe the different level in the firm.
4. Apply appropriate techniques and tools.
5. Formulate a decision from several alternatives.
10. Planning is basic or primary function of
management
Planning is the process of setting goal and
selecting best course of action to each goal. It
is looking ahead.
Planning is deciding in advance, what to do,
who is to do, how to do and when to do?
11. Planning bridge the gap between where we are and where we
want to go.
Planning provide target, they allocate resources in a
coordinate manner.
Planning also solve as standard for control.
12. Planning is mental exercise and intellectual process
Planning may be long term and short term.
Planning may be strategic, tactical and operational.
13. PRIMARY FUNCTION
Functions of management largely depends upon planning. It provides the basic foundation
from which all future management functions arise.
GOAL-ORIENTED
Plans arise from objectives. Objectives provide guidelines for planning.
CONTINUOUS PROCESS
It is an on going process of adapting the organization with the charge in business.
FLEXIBLE
Planning selects the best alternatives based on certain assumptions. There is a possibility of
dead log in the functions of the management. It has one more alternative to suit future
situation.
MANAGERIAL FUNCTION
It is found at all levels and all departments of an organization. It involves choosing the future
course of action from among alternatives.
NATURE OF PLANNING
15. Strategic Planning
“Strategic plans are all about why things need to happen,” Story said. “It’s big picture, long-term
thinking. It starts at the highest level with defining a mission and casting a vision.”
Strategic planning includes a high-level overview of the entire business. It’s the foundational basis of
the organization and will dictate long-term decisions. The scope of strategic planning can be
anywhere from the next two years to the next 10 years. Important components of a strategic plan are
vision, mission and values.
17. Planning Techniques and Tools
Forecasting
is making prediction of what is likely to happen in the future.
Forecasting is the process of estimating the relevant events of future,
based on analysis of their past and present behavior.
Forecasting provides a logical basis for determining in advance the
nature of future business operation.
Forecasting is the basis of planning.
19. Planning Techniques and Tools
Contingency plan
is a course of action that your organization would take if an
unexpected event or situation occurs.
It is an important part of your overall business continuity strategy
because they can help ensure your organization is ready for
anything.
20. Planning Techniques and Tools
Scenario planning
is making assumption on what the future is going to
be and how your business environment will change
overtime in light of the future
Scenario planning is identifying a specific
set of uncertainties, different realities of
what will happen in the future of your
business
21. Planning Techniques and Tools
Benchmarking
is another planning technique that generally involves
external comparisons of a company’s practices and
technologies with those of other companies.
22. Planning Techniques and Tools
Participatory Planning
• is an urban planning paradigm that emphasizes
involving the entire community in the strategic and
management processes of urban planning.
• Often considered as part of community
development.
• Aims to harmonize views among all of its
participants as well as prevent conflict between
opposing parties.
23. Planning Techniques and Tools
Positive results of Participatory Planning
Creativity
Increase acceptance
Understanding of plans
Commitment to the success of
plans
42. Guide question
1.How was the activity? Is it easy or difficult?
2.What are your realizations in this kind of
activity?
43. Quiz
1.It is the process of setting goal and selecting course of
action.
2.What tools in planning are often considered as part of
community development or Urban planning.
3.This type of planning is carried out by Middle level
managers.
4.What types of plan is in Top Level managers?
5.What types of plan is in Low level management?
44. 1.What is the nature of organizations?
2.What are the types of organization structures?
3.What are the different elements of delegation?
ASSIGNMENT