The document discusses the importance of foresight planning. It states that failing to plan is planning to fail. It provides examples of companies like Micromax and Flipkart that succeeded through foresight planning, increasing their market share by offering cheap, quality products and online sales. In contrast, it discusses companies like Nokia and Maruti that failed to plan for the future, not developing an Android version or addressing customer dissatisfaction, leading to decreased sales. The document emphasizes that setting short-term goals is important for achieving long-term goals and business success requires concrete planning as well as review and adjustment of strategies.

2. Presented By:
Dipali Karanjkar
Imran Alam
Jenitan Edward
Robin Kr

3. The professionals who operate the
function of planning.
FAILING TO PLAN IS PLANNING TO FAIL

4. Meaning of foresight :
It is the practice of creating a functional view of the future,
in such a way as to take full advantage of opportunities ,
as well as to prepare for any possible adversity.
FAILING TO PLAN IS PLANNING TO FAIL

5. FAILING TO PLAN IS PLANNING TO FAIL
IMPORTANCE OF FORESIGHT PLANNING:

6. FAILING TO PLAN IS PLANNING TO FAIL
POLICY STRATEGIC FUTURE STUDIES
 It builds on the
increasing
awareness that no
single body can
know everything
that needs to be
known in order to
effect desired
changes.
 It aimed at
achieving
equilibrium and
stability, to a more
evolutionary
approach.
 It is designed for
those who know
nothing or little
about futures
work, and who
want to find out
more about how to
use futures in their
day-to-day work.
 Knowledge is
distributed widely,
and decision-
makers have to
live with this, and
develop their
intelligence-
gathering methods
accordingly.
 “Long-term
planning” has
been discredited,
but the long-term
still has to be
taken into account
in many decisions.
 It tells how to
integrate futures
into everyday
decision making.

7. Micromax :-
 Increased market share
 Cheap & quality products
 Available form all the classes
Flipkart :-
 Initiated the online sales
 Warehouse in every cities
 On time service

8. Nokia :-
 Fail to obtain an android version
 Decrease in market share
 Sold to microsoft
Maruthi :-
 Decrease in sales
 Dissatisfied customers
 Lock of competency
FAILING TO PLAN IS PLANNING TO FAIL

9.  Textile shops
 Stock clearance
 Event management
 Exam preparation for students
“short term goals plays an important role in achieving
a long term goals”
FAILING TO PLAN IS PLANNING TO FAIL

10. FAILING TO PLAN IS PLANNING TO FAIL

11. FAILING TO PLAN IS PLANNING TO FAIL

12. Keys To Better Business Plans:
Do’s
• Use a business plan to set
concrete goals, responsibilities,
and deadlines to guide your
business.
• Practical business plan
includes implementation for
every strategy.
• Regular review and course
corrections.
• Good business plans are
practical.
Don’ts
• Don’t be too slow.
• Don’t ignore feedback.
• Don’t expect too much.
• Don’t focus too much on goal
FAILING TO PLAN IS PLANNING TO FAIL

13. FAILING TO PLAN IS PLANNING TO FAIL

14. FAILING TO PLAN IS PLANNING TO FAIL

15. FAILING TO PLAN IS PLANNING TO FAIL

16. FAILING TO PLAN IS PLANNING TO FAIL