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PLANNIN
G
UNIT -II
APPROACH TO PLANNING &
PLANNING EFFECTIVLEY IN
DYNAMIC ENVIRONMENT
Planning – Definition
Planning – a primary managerial activity that
involves
Defining the organisation’s goals .
Establishing an overall strategy for achieving these goals .
Developing plans for organisational work activities.
FORMAL
PLANNING
Specific goals covering a specific time
period .
Written and shared with organisational
members .
PLANNING AND
PERFORMANCE
Formal planning is associated with :
1. Higher profits and returns on assests
2. Positive financial results
3. The quality of planning and
implementation affects performance
more than the extent of planning.
TYPES OF
PLANS
STRATEGICPLANS
1. Seek to position the organisation in terms of its
environment.
2. Cover extended periods of time
OPERATIONALPLANS
1. Specify the details how the overall
goals are to be achieved .
TYPES OF PLANS –
(Contd.)
Long-Term Plans :
Time frames extending beyond
three years.
Short-Term Plans :
Time frames of one year or less.
TYPES OF PLANS –
(Contd.)
SPECIFIC PLANS
Plans that are clearly defined and leaves no room for
interpretation.
DIRECTIONAL PLANS
Flexible plans that set out general guidelines and
provide focus , yet allow discretion in implementation.
TYPES OF PLANS –
(Contd.)
SINGLE USE PLAN
A one –time plan specifically designed to meet the need
of an unique situation
STANDING PLANS
Ongoing plans that provide guidance for activities performed
repeatedly .
APPROACHES TO
PLANNING
THE FOUR POSSIBLE APPROACHES TO PLANNING ARE:
Reactive – Past Oriented
Inactive – Present Oriented
Preactive – Predict the Future
Proactive – Create the Future
APPROACHES TO
PLANNING
Establishing a Formal Planning Department :
Create a group of planning specialists that help the managers
Write organisational plans .
Planning is also a function of managemen;it should never become
the sole responsibility of the planners .
PLANNING IN DYNAMIC
ENVIRONMENT
DYNAMIC ENVIRONMENT –
A dynamic environment is a business environment
that is rapidly changing. In a dynamic market, businesses
have to adapt quickly to changes and develop new ideas,
products and services to keep up with technology and new
trends.
PLANNING IN DYNAMIC
ENVIRONMENT
Develop plans that are specific but flexible .
Understand that planning is an ongoing process.
Change plans when conditions warrant alterations .
Persistent in planning eventually pays off .
THANK YOU

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Approach to Planning.pptx

  • 2. APPROACH TO PLANNING & PLANNING EFFECTIVLEY IN DYNAMIC ENVIRONMENT
  • 3. Planning – Definition Planning – a primary managerial activity that involves Defining the organisation’s goals . Establishing an overall strategy for achieving these goals . Developing plans for organisational work activities.
  • 4. FORMAL PLANNING Specific goals covering a specific time period . Written and shared with organisational members .
  • 5. PLANNING AND PERFORMANCE Formal planning is associated with : 1. Higher profits and returns on assests 2. Positive financial results 3. The quality of planning and implementation affects performance more than the extent of planning.
  • 6. TYPES OF PLANS STRATEGICPLANS 1. Seek to position the organisation in terms of its environment. 2. Cover extended periods of time OPERATIONALPLANS 1. Specify the details how the overall goals are to be achieved .
  • 7. TYPES OF PLANS – (Contd.) Long-Term Plans : Time frames extending beyond three years. Short-Term Plans : Time frames of one year or less.
  • 8. TYPES OF PLANS – (Contd.) SPECIFIC PLANS Plans that are clearly defined and leaves no room for interpretation. DIRECTIONAL PLANS Flexible plans that set out general guidelines and provide focus , yet allow discretion in implementation.
  • 9. TYPES OF PLANS – (Contd.) SINGLE USE PLAN A one –time plan specifically designed to meet the need of an unique situation STANDING PLANS Ongoing plans that provide guidance for activities performed repeatedly .
  • 10. APPROACHES TO PLANNING THE FOUR POSSIBLE APPROACHES TO PLANNING ARE: Reactive – Past Oriented Inactive – Present Oriented Preactive – Predict the Future Proactive – Create the Future
  • 11. APPROACHES TO PLANNING Establishing a Formal Planning Department : Create a group of planning specialists that help the managers Write organisational plans . Planning is also a function of managemen;it should never become the sole responsibility of the planners .
  • 12. PLANNING IN DYNAMIC ENVIRONMENT DYNAMIC ENVIRONMENT – A dynamic environment is a business environment that is rapidly changing. In a dynamic market, businesses have to adapt quickly to changes and develop new ideas, products and services to keep up with technology and new trends.
  • 13. PLANNING IN DYNAMIC ENVIRONMENT Develop plans that are specific but flexible . Understand that planning is an ongoing process. Change plans when conditions warrant alterations . Persistent in planning eventually pays off .