Planning is the first management function and essential component of management. It involves setting goals, strategies, and plans of action to achieve goals. Planning provides direction, reduces uncertainty, and compels consideration of future events. It results in coordination of activities and minimization of waste, ineffectiveness, and inefficiency. Goals are the targets management wants to reach, while plans are the actions managers intend to use to achieve goals. Planning is important for any business and helps ensure goals are achieved.

1. Christopher M. Selebio
K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL-ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM)
SPECIALIZED SUBJECT
Organization and Management

2. Chapter 3 Planning

3. LEARNING COMPETENCIES
•1. Explain the definition and nature of planning
•2. Discuss the importance of planning in
management
•3. Differentiate Goals and Plans

4. What is planning?

5. HAVE YOU EVER HEARD OF THIS FAMOUS QUOTATION?

6. •In all aspect of life, planning place a very
important role without a plan you will not
succeed.

7. Definition and Nature of Planning
Planning is the first management function and a very
essential component of management.
Is a process that involves the setting of the
organization’s goals,
establishing strategies for accomplishing those goals,
and
developing plans of action or means that managers
intend to use to achieve organizational goals.

8. Importance of Planning
Planning provides
direction to all of the
organization’s human
resources both
managers as well as
employees.

9. Importance of Planning
Planning is important
because it reduces
uncertainty; it compels
managers to consider
future events that may
affect their company.

10. Importance of Planning
Minimizing of wastes
will result if there is
proper coordination of
activities due to
planning; negative
practices ,
ineffectiveness, and
inefficiencies.

11. Importance of Planning
Establishing goals
standards during
planning may be used
for controlling,
necessary function.

13. Activity:
1. You want to run a business what
will be your plans?
a. Group 1, Food business
b. Group 2, Photocopying business

14. Why do you need to plan?

16. How to reach your
goal?

18. Goal-setting
- The identification of targets
desired ends that
management wants to react

19. Difference between Plans and Goals
Plans are the actions or means that
administration/managers intend to use to achieve
organizational goals , while
Goals are the targets or desired ends that
management wants to reach

20. Generalization:
•What is planning?
•Why do you need to plan?
•How to reach your goal?

21. Evaluation: Choose the letter of the correct answer.
1. It is the first management function and a very essential component of
management.
a. Planning b. Goal-setting c. Goals d. Plans
2. The identification of targets or desired ends that management wants to react.
a. Planning b. Goal-setting c. Goals d. Plans
3. This are the targets or desired ends that management wants to reach.
a. Planning b. Goals c. Goal-setting d. Plans
4. The actions or means that administration/managers intend to use to achieve
organizational goals.
a. Planning b. Goal-setting c. Plans d. Goals
5. How to easily achieve your goal in business?
a. Stick to your plan b. be determined c. mindset d. all of the above

22. Agreement:
1. Set goals or targets for a fast food business. List
them down.
2. Look ahead , list down possible future changes
in the fast food business in which you made these
goals for in agreement number one.

24. THANK YOU