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  1. 1. . Present by- Pranab sarkar 4th sem
  2. 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. 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. 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. 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. 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. 7. DISADVANTAGE OF PLANNING  Planning is costly.  Planning delays action.  Planning encourage the risk of uncertainty.  Planning cannot change the organizational rules.
  8. 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.
  9. 9. Types of planning Corporate planning Divisional or functional planning Group planning
  10. 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. 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. 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.