Planning involves anticipating the future and deciding on the best course of action. It is the process of reconciling resources and opportunities to achieve goals. Planning determines in advance what to do, how to do it, when to do it, and who will do it. Without planning, an organization may find trouble. The document discusses the importance of planning, types of planning like strategic and operational planning, principles of planning, steps in the planning process, and limitations to planning. It uses Microsoft as an example of a company that planned strategically for growth.

1. An
overview
of
plAnning
By: MANISH MAHAJAN
20-MBA-13

2. ConTenTS
 Introduction
 Planning
 Importance
 Types
 Principles
 Planning Premises
 Steps in Planning
 Features of an good Plan
 Limitations

3. inTroduCTion
 Planning as a process involves anticipation of future
course of events and deciding the best course of
action.
 Planning is basically the formulation, evaluation
and selection of a sequence of thoughts and actions
to
achieve a desired goal.

4. plAnning
 According to Philip Kotler , “Planning is deciding in
the present what to do in the future. It is the
process whereby companies reconcile their resources
with their objectives and opportunities.”
advance what
“Planning isto Koontzinand O’donnell ,
According deciding
to do , how to do it, when to do it and
who is to do it. ”

5. plAnning
According to Confucius, “A man who does not plan
long ahead will find trouble at his door.”

6. exAmple
 Co founded by Paul Allen and Bill gates
 Altair 8800
 Altair basic
 MS Dos
 Windows 3
 Windows 95

7. characteristics

8. importance

9. importance

10. components

11. types of planning

13. Types of planning

14. premises

15. sTeps in planning

16. sTeps in planning

17. feaTures
plan
of
good

18. feaTures
plan
of
good

19. limitations

20. limitations

21. BiBliography
Internet :
http://en.wikipedia.org/wiki/Planning
http://www.managementstudyguide.com/planning_
function.htm
https://www.boundless.com/management/introduct
ion-to-management/principles-ofmanagement/fulfilling-the-planning-function/
http://kalyancity.blogspot.com/2010/06/planning-first-primaryimportant.html
Books :
Principles of Management by L M Prasad
Fundamentals of Management by Stephen Robbins

22. THANK
YOU