A fantastic PPT on the function of planning of management. The PPT includes meaning and concept of planning, its importance, features of planning and limitations of planning. Planning process and various types of plans are also explained precisely and clearly in the PPT. Just download it and make your concepts stronger. Happy Learning !!
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What is a Importance of Planning in business organisation, point to point define here, planning reduces uncertainty, make objective clear, provide basic control,
This presentation is related to planning in Principles of management.
It covers the following points:
Nature & Purpose of Planning
Decision Making
Objectives And Strategies
Planning Premises
Global Planning
project planning steps
steps of planning process
5 steps of planning process
the five step planning process
types of planning in management
steps in planning process pdf
5 step strategic planning process
examples of planning in management
examples of middle level managers
middle level manager definition
three types of planning
types of planning process
types of development planning
types of planning pdf
the five step planning process
project planning steps
financial planning steps
planning process pdf
planning and types of planning
types of planning in management
types of planning pdf
types of planning in business
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four types of planning
process of planning in management
steps in business planning process
the five step planning process
planning process pdf
what is planning pdf
planning process definition
process planning in manufacturing
planning in the management process
steps in planning process
What is a Importance of Planning in business organisation, point to point define here, planning reduces uncertainty, make objective clear, provide basic control,
This presentation is related to planning in Principles of management.
It covers the following points:
Nature & Purpose of Planning
Decision Making
Objectives And Strategies
Planning Premises
Global Planning
A fantastic PPT on organising. The PPT contains a detailed description about the concept of organising. It discusses the meaning, features and various aspects of organising.
A fantastic PPT on organising. The PPT contains a detailed description about the concept of organising. It discusses the meaning, features and various aspects of organising.
Planning - Meaning and Definition – Nature – Objectives – Advantages and Disa...Jumanul Haque
Planning - Meaning and Definition – Nature – Objectives – Advantages and Disadvantages –
Process – Types - Decision Making – Traditional and Modern Techniques – Steps involved in
Decision Making
This ppt is formed from Class XII Business Studies book ch-4 planning. This ppt gives brief information about the chapter. Completely made by me. You can use it for summer holiday projects. Just edit the name and paste it ditto.( No one get to know 😂)
Features of Planning, Focuses on Objectives Primary function Pervasive Continuous Futuristic Decision Making Mental Exercise, Importance of Planning, Provides Direction
Reduces Risk of Uncertainty
Reduces Overlapping and Wasteful Activities
Promotes Innovative Idea,Facilities Decision Making,Establishes Standards for Contrlling, Limitation of Planning, Creates Rigidity
Does not work in dynamic Environment
Reduces Creativity
Involves Huge Cost
Time Consuming
Does not Gurantee Sucess
Planning Process, Setting Objective, Developing Premises, Indentifying Alternative course of Action, Evaluating Alternative Course, Selecting an alternative, Implementing the Plan, Follow up Action
UNIT - III: PLANNING AND CONTROL: Concept- Process and Types; Decision making
concept and process; Bounded rationality; Management by objectives; Corporate Planning;
Environment analysis and Diagnosis; Strategy Formulations; Managerial Control- Concept
and process - Designing an Effective Control System - Techniques - Traditional and Modern
(PERT and CPM).
This wonderful and helpful
A company description is an overview of the company's plan, vision, and relationships. These documents typically include the company's name, business structure, mission statement, and an overview of the target mark
Communicate the story of your business and why you started it. Describe the customers or the cause that your business serves. Explain your business model or how your products are made. Put a face to your business, featuring the founders or the people on your team.
A fantastic PPT on staffing. The PPT contains the concept of staffing, along with its features and importance. The PPT discusses about the elements of staffing. Recruitment process and sources of recruitment, selection process, training and its methods.
Chapter 3 Private, Public and Global EntreprisesRitvik Tolumbia
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A fantastic PPT on the concept of economics and significance of statistics in economics. The PPT includes meaning of statistics in singular sense and plural sense, features of statistics, scope of statistics, importance of statistics, limitations of statistics and functions of statistics. Enjoy the PPT. Happy Learning !!
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A fantastic PPT on Business Environment. It gives the complete understanding of the concept of the Business Environment, its features, significance and its impact on the Indian Businesses. It also gives a description of LPG Policy 1991 and its impact. You will also find a concept of Demonetiszation.
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A fantastic PPT on a very important and scoring topic. A quick and easy explanation of the chapter Money & Banking. It has got all the material information required to enhance one's knowledge about the topic. Excellent and interesting facts. HAPPY LEARNING !!
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
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Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
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Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
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Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
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The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
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Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
2. Meaning and Concept of Planning
• Planning is deciding in advance what to do, how
to do when to do, and who is to do it.
• Planning bridges the gap from where we are to
where we want to go. It is one of the basic
managerial functions.
• Planning involves setting objectives and
developing appropriate courses of action to
achieve these objectives within given time period.
• It is closely connected with creativity and
innovation.
• Another important ingredient of planning is time.
Plans are always developed for a fixed time
period as no business can go on planning
endlessly.
3.
4. Features/ Characteristics of Planning
1. Planning contributes to objectives: It starts with
determination of objectives. We cannot think of
planning in absence of objective. It also decides
the methods and steps to be taken.
2. Planning is basic function of management: It is
first function to be performed by every manager.
No other function can be executed without
planning as all the other functions depend on the
objectives set up in planning.
3. Pervasive: It is required at all levels of the
management and in all types of organisations. It is
not a function restricted to top level managers only
but planning is done by managers at every level.
5. 4. Futuristic/ Forward Looking: It is looking ahead
or futuristic. It is never done for the past. Here
managers try to make predictions for future and
these predictions are made on the basis of past
experiences of the manager.
5. Continuous: It is a never ending process because
after making plans also one has to be in touch with
the changes in changing environment and in
selection of one best way.
6. Planning involves decision making: Planning
function is needed only when different alternatives
are available and we have to select the most
suitable one. But if there is one alternative
available then there is no requirement of planning.
6. 7. Planning is mental exercise: It is mental process
which requires higher thinking, that is why it is kept
separate from operational activities. Planning
requires high level of intelligence as it involves
making choices.
7. Importance of Planning
1. Planning provides directions: By stating in
advance how work is to be done planning provides
direction for action. If there was no planning,
employees would be working in different directions
and the organization would not be able to achieve
its goals efficiently.
2. Planning reduces the risk of uncertainty:
Planning is an activity which enables a manager to
look ahead, anticipate change, consider the impact
of change and develop appropriate responses.
3. Planning facilities decision making: Under
planning targets are laid down. The manager has
to evaluate each alternative and select the most
viable option.
8. 4. Planning reduces wasteful activities: Planning
serves as the basis of coordinating the activities
and efforts of different departments and individuals
whereby useless and redundant activities are
mentioned.
5. Planning promotes innovative ideas: Planning
is the first function of management. Managers get
the opportunity to develop new ideas and new
ideas can take the shape of concrete plans.
6. Planning establishes standards for
controlling: Planning provides the standards
against which the actual performance can be
measured and evaluated. Control is blind without
planning. Thus planning provides the basis for
control.
9.
10. Limitations of Planning
A. Internal Limitations
1. Planning leads to rigidity: Planning
discourages individual initiate & creativity. The
managers do not make changes according to
changing business environment. They stop
taking or giving suggestions and new ideas.
Thus detailed planning may create a rigid
framework in the organization.
2. Planning may not work in dynamic
environment: Planning is based on anticipation
of future happenings and since future is
uncertain and dynamic therefore, the future
anticipations are not always true.
11. 3. Planning involves huge costs: When plans are
drawn up, huge cost is involved in their
formulation. Companies need to hire the
professional experts. It also involves lot of time
and money. Benefits of planning should be more
than its cost.
4. Planning is time consuming: It is a time
consuming process because it takes long time to
evaluate the alternatives and select the best one.
Sometimes the action gets delayed. And
whenever there is a need for prompt decision then
we have to avoid planning.
12. 5. Planning does not guarantee success: The
success of an enterprise is possible only when
plans are properly drawn and implement.
Sometimes managers depend on previously tried
successful plans, but it is not always true that a
plan which has worked before will work effectively
again.
6. Planning reduces creativity: In planning work is
to be done as per predetermined plans. It is
decided in advance what is to be done, how it is to
be done and who is going to do it. Moreover
planning is done by top management which leads
to reduction of creativity of other levels of
management.
13.
14. Planning Process
1. Setting the objectives: The first and foremost
step is setting objectives. Objectives are set
keeping in mind the goals of the company and the
physical and financial resources of the company.
These objectives are communicated to all the
employees.
15. 2. Developing premises: Planning premises are the
assumptions about the likely shape of events in
future, it forecasts the obstacles, problems or
limitations in the path of the effective planning
because of which the plans may deviate.
Assumptions are based on forecasting. Forecasting
is a technique of gathering information.
3. Identifying alternative courses of action: Once
objectives are set and premises are developed,
the managers make a list of alternatives through
which the organisation can achieve its objectives.
As there can be many ways to achieve the
objective & managers must know all the ways to
reach the objectives.
16. 4. Evaluating alternative courses: The next step is
to be weigh pros and cons of each alternative.
Each course will have many variables which have
to be weighed against each other. The alternative
with maximum positive aspect and with most
feasible assumption is selected as best alternative.
5. Selecting an alternative: After comparison and
evaluation, the best alternative is chosen for
reaching organization objectives. The organisation
has to make number of small plans to support the
main plan. These plans are known as derivative
plans as these are derived from main plans.
17. 6. Implementing the plan: Once the plans are
developed they are put into action. Successful
implementation of the plan ensures
understanding and whole-hearted cooperation
of all the employees.
7. Follow up action: To see whether plans are
being implemented, activities are performed
according to schedule. In case of any
deviations, changes are made in the plans.
During follow up many adjustments are made in
the plan.
18.
19. Plan
● A Plan is a specific action proposed to help the
organization achieve its objectives.
● It is a document that outlines how goals are
going to be met.
● The importance of developing plans is evident
from the fact that there may be more than one
means of reaching a particular goal.
● So with the help of logical plans, objectives of
an organization could be achieved easily.
20.
21. (A) Single Use Plans
● A Single use plan in a business refers to plan
developed for a one-time project or event that has
one specific objective.
● It applies to activities that do not recur or repeat.
It is specifically designed to achieve a particular
goal.
● Such plan is developed to meet the needs of a
unique situation.
● The length of a single-use plan differs greatly
depending on the project in question, as a single
event plan may only last one day while a single
project may last one week or months.
22. Types of Single Use Plan
1. Programme
● A program is a single use plan containing detailed
statements about project outlining the objectives,
policies, procedures, rules, tasks, physical and
human resources required to implement any
course of action.
● The programmes are made to get systematic
working in the organisation.
● The programmes create relation between policies,
procedures and goals.
23. 2. Budget
● Statement of expected result expressed in
numerical terms.
● Serves as standard for measuring and comparing
actual performance.
● Quantifies facts and figures.
● It is a controlling device from which deviations can
be taken care of.
● Along with financial budget, company also prefers
to make capital budget and operational budget.
24. (B) Standing Plans
● Standing plans are used over and over again
because they focus on organizational situations
that occur repeatedly.
● They are usually made once and retain their
value over a period of years while undergoing
revisions and updates.
● That is why they are also called repeated use
plans.
● There are other types of plans which are
usually not classified as single use or standing
plans. These are strategy, objectives as these
plans are prepared by top management.
25. 1. Objectives
● Neither standing nor single use plan.
● These are the ends for the achievement of
which an organization go on working.
● They may be designed as the desired future
position that the management would like to
reach.
● They should be clear and achievable.
26. 2. Strategy
● Neither standing nor single use plan.
● It is comprehensive plan to achieve the
organisational objectives.
● The dimensions of strategy are:
(i) Defining long term objectives.
(ii) Adopting a particular course of action.
(iii) Allocating resources for achieving the
objectives.
● Strategy is influenced by business environment.
● When the managers of an organization prepare a
new strategy for the business it is called internal
strategy.
27. ● When some strategies are prepared to respond
to the strategies of the competitors then such
strategies are called external strategies.
● Strategy usually take the course of forming
the organisation’s identity in the business
environment.
● A strategy is the blueprint of the business
and provides outline of business.
28. 3. Policies (Standing Plan)
● Policies refers to the general guidelines which
brings uniformity in decision making for
achievement of organizational objectives.
● They provide directions to the managers of an
organization.
● They are flexible as they may be changed as per
requirement.
● Policies define broad parameters within which a
manager may function.
29. 4. Procedure (Standing Plan)
● Procedures are those plans which determine the
sequential steps to carry out some work/activity.
● They indicate which work is to be done in which
sequence/way.
● Procedures are guides to action.
● Exact manner in which an activity has to be done.
● Policy and procedure are interlinked with each
other.
● Procedures are steps to be carried out within the
policy framework.
30. 5. Methods (Standing Plan)
● Methods are standardized ways or manners in
which a particular task has to be performed.
● Selection of right method saves time, money and
increases the efficiency.
● Methods may vary from task to task.
● Method deals with task comprising one step of a
procedure and specifies how this step has to be
performed.
● Act as guide for employees.
31. 6. Rule (Standing Plan)
● Rules are specific statement that tells what is to
be done and what not to be done in a specified
situation.
● They help in indicating which points are to be
kept in mind while performing task/work.
● Rules are rigid which ensure discipline in the
organization.
● Violation of rules may invite penalty.