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PLANNINGPLANNING
ContentsContents
Meaning & definitions
 Types
Planning process
Importance
PLANNING MEANING :-PLANNING MEANING :-
• Planning is the important and primary function of
management.
• It is the beginning of process of management.
• A manager must plan before coming in action.
• It is concerned in deciding in advance what to do?
How to do? When to do? Why to do? Where to
do? And who to do? And answering all these
questions depends upon intelligence.
• Planning is a fully mental work.
Planning is thus: -
•Planning is concerned with future and it helps the
management to look ahead.
•It involves thinking about organization’s prosperity and
helps analysis of information.
•It involves a predetermined course of action.
•It specifies the objectives to be attained in future.
•It is basically a problem of choosing from the alternative
courses of action.
•It relates with thinking before doing.
•It involves both decision making and problem solving.
Definitions Of Planning By DifferentDefinitions Of Planning By Different
AuthorsAuthors
•According to koontz and o”donnell:-
Planning is deciding in advance what to do , how to do it , when
to do it ,& who is to do it.
•According to haimann:-
Planning is deciding in advance what is to be done
TYPES OF PLANS …TYPES OF PLANS …
Standing plans and Single use plans
Long range and Short range plans
Financial and Non financial plans
Formal and Informal plans
Project and Product plans
 Standing Plan
Standing plans provide readymade answers to a
given situation.In banks ., a request for loan is
handled according to standing plan. That’s why it is
also called repeated plans.
 Single Use plans
These plans are plans which are designed for a
specific purpose or period.these plans have a short
life. For i.e. budgeting
Formal Plan
These plans are written when made.
 Informal Plans
These plans are only made verbally.
Project Plan
It is concerned with a specific project ..such as plan
for installation of machinery in building.
Product Plan
It is a plan relating to product .i.e plan for
increasing market share of the product.
Making forecast
Identifying the alternative
Evaluation of alternatives
Selection of best alternative
Formulating the supportive plan
Implementing
Controlling
Establishing the objectives
Determining the planning premises
Planning processPlanning process
Process of planning:-Process of planning:-
 Establishing objectives
 Determining planning limitations or
premises
 Making a forecast
 Searching for alternative courses
 Evaluating alternatives
 Selecting the best alternative
 Formulating of supporting plans
 Implementing plans
 Reviewing plans
Importance Of PlanningImportance Of Planning:-:-
 Planning Provides Direction
 Planning promotes Innovative Ideas
 Planning Facilitates Decision Making
 Planning Reduce overlapping And wasteful
Activities
 Planning Reduces the risk of Uncertainities
Planning

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Planning

  • 2. ContentsContents Meaning & definitions  Types Planning process Importance
  • 3. PLANNING MEANING :-PLANNING MEANING :- • Planning is the important and primary function of management. • It is the beginning of process of management. • A manager must plan before coming in action. • It is concerned in deciding in advance what to do? How to do? When to do? Why to do? Where to do? And who to do? And answering all these questions depends upon intelligence. • Planning is a fully mental work.
  • 4. Planning is thus: - •Planning is concerned with future and it helps the management to look ahead. •It involves thinking about organization’s prosperity and helps analysis of information. •It involves a predetermined course of action. •It specifies the objectives to be attained in future. •It is basically a problem of choosing from the alternative courses of action. •It relates with thinking before doing. •It involves both decision making and problem solving.
  • 5. Definitions Of Planning By DifferentDefinitions Of Planning By Different AuthorsAuthors •According to koontz and o”donnell:- Planning is deciding in advance what to do , how to do it , when to do it ,& who is to do it. •According to haimann:- Planning is deciding in advance what is to be done
  • 6. TYPES OF PLANS …TYPES OF PLANS … Standing plans and Single use plans Long range and Short range plans Financial and Non financial plans Formal and Informal plans Project and Product plans
  • 7.  Standing Plan Standing plans provide readymade answers to a given situation.In banks ., a request for loan is handled according to standing plan. That’s why it is also called repeated plans.  Single Use plans These plans are plans which are designed for a specific purpose or period.these plans have a short life. For i.e. budgeting
  • 8.
  • 9. Formal Plan These plans are written when made.  Informal Plans These plans are only made verbally. Project Plan It is concerned with a specific project ..such as plan for installation of machinery in building. Product Plan It is a plan relating to product .i.e plan for increasing market share of the product.
  • 10. Making forecast Identifying the alternative Evaluation of alternatives Selection of best alternative Formulating the supportive plan Implementing Controlling Establishing the objectives Determining the planning premises Planning processPlanning process
  • 11. Process of planning:-Process of planning:-  Establishing objectives  Determining planning limitations or premises  Making a forecast  Searching for alternative courses  Evaluating alternatives
  • 12.  Selecting the best alternative  Formulating of supporting plans  Implementing plans  Reviewing plans
  • 13. Importance Of PlanningImportance Of Planning:-:-  Planning Provides Direction  Planning promotes Innovative Ideas  Planning Facilitates Decision Making  Planning Reduce overlapping And wasteful Activities  Planning Reduces the risk of Uncertainities