Planning is an important process for organizations that involves thinking about and organizing activities to achieve goals. It bridges the gap between the current situation and desired objectives. Key aspects of planning include that it is goal-oriented, looks ahead, involves choice and decision making, and is a primary management function. The planning process typically involves strategic, operational, and result management planning. Strategic planning deals with the future at a broad conceptual level. Operational planning focuses on short term goals. Result management planning monitors the implementation of strategic and operational plans. Advantages of planning include increased efficiency, reduced risks, and proper coordination, while disadvantages can include rigidity, time consumption, and false sense of security.
4. WHAT IS PLANNING???
Forward thinking process
Planning (also called forethought) is the
process of thinking about and organizing the
activities required to achieve a desired goal.
5.
“Planning is deciding in advance what to do,
how to do and by whom do it. Planning bridges
the gap between where we are to, where we
want to go. It makes possible things to occur
which would not otherwise occur”.
- Koontz & O‟Donell
6. WHY PLANNING IS REQUIRED?
To minimizes uncertainty
To focus attention on objective
To gain economical operation
TO facilitates co-ordination.
To facilitate controlling
To Provides competitive edge.
To Encourages innovations.
To Improve employee „s moral.
7. CHARACTERISTICS OF PLANNING
Goal-oriented.
Looking ahead
An intellectual process.[Not a mere guesswork ]
Involves choice & decision making.
Primary function of management
Continuous Process
All Pervasive [required at all levels of
management and in all departments]
Designed for efficiency
Flexible.
10. STRATEGIC PLANNING
Broad base & conceptual
Deal with future
Developed early in the fiscal year or in
APM/AGM
CEO/MD/top management persons involved
12. RESULT MANAGEMENT PLANNING
On going mechanism for executive for
monitoring the implementation and results of
both strategic & operational plans
All manager, key employee involved
Daily, weekly, monthly, On going
13. ADVANTAGE
Increases the efficiency of an organization.
Reduces the risks involved in modern business
activities.
Facilitates proper coordination within an
organization.
Aids in organizing all available resources.
Gives right direction to the organization.
14. Important to maintain a good control.
Helps to achieve objectives of the organization.
Motivates the personnel of an organization.
Encourages managers' creativity and
innovation.
Helps in decision making.
16. EXTERNAL LIMITATION
Political Climate
Labour Union
Technological changes
Policies of competitors
Natural Calamities
Changes in demand and prices
17. Thank You !
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