The document outlines the importance of goals, which serve as objectives guiding management decisions and performance evaluations. It details a ten-step planning process that includes situational analysis, opportunity identification, objective setting, and implementation, emphasizing the need for evaluation and follow-up. Types of goals mentioned include financial and strategic goals, which help organizations set desired outcomes and benchmarks.

2. GOALS:
 Goals are also called as objectives.
 Goals are desired outcomes or targets.
 They guide management decisions and form the criteria against
which the work results are measured.

3. TYPES OF GOALS:
 Financial goal
 Strategic goal

4.  Stated goals
 Real goals

5. “To bring inspiration and innovation to every athlete in the
world.”

6. “To be world’s high performance benchmark independent oil
and gas company”

7. “To be a global transformation partner”

9. PLANNING PROCESS:
 Planning is a process which contains number of steps within it.
 Planning process differs from organization to organization
and from objective to objective.
 With some minor modifications, process is applied for all types of
plans.

10. PLANNING PROCESS:

11. PLANNING PROCESS:
1. Situation analysis:
 Manager should collate all the information relevant to a given
activity for which planning is to made.
 Should analyze past experience, current trends and future scope.
 Helps to bring the issues and problems related to activity
to light.

12. PLANNING PROCESS:
2. Identification of opportunities:
 The exact planning starts.
 Identify the opportunity and carry out SWOT analysis.
 If the organization gets positive result, it would pass on to next
stage, else the opportunity would be dropped.

13. PLANNING PROCESS:
3. Objective setting:
 Represents the destination of an organization.
 Objectives of an organization and various departments are fixed.
 Timeline to finish the objectives are also fixed during this stage.

14. PLANNING PROCESS:
4. Planning premises:
 Denotes the circumstances under which the planning will
be undertaken.
 It represents the assumptions that are to be considered.

15. PLANNING PROCESS:
5. Determining alternative course of actions:
 Requires imagination, foresight and ingenuity.
 E.g. To improve productivity and
organization
can focus on
increasing wages or incentives or technology investment, etc.

16. PLANNING PROCESS:
6. Evaluation of alternatives:
 Analyzing various aspects and results of all the alternatives.
 Involves micro analysis of all the alternatives.

17. PLANNING PROCESS:
7. Selection of best alternatives:
 After micro analysis, the best methodology is preferred for to
accomplish the goal of an organization.

18. PLANNING PROCESS:
8. Derivative plans:
 Organization have to think about secondary or sub plans
to accomplish.
 E.g. If an organization prefers to provide transport facility instead
of outsourcing, then it have to think about financial burden, etc.

19. PLANNING PROCESS:
9. Implementation of plans:
 Communicating plan to all employees and providing instructions.
 Deploying facilities like raw materials, man power, machinery,
etc.
 Linking implementation with reward system and
ensuring execution.

20. PLANNING PROCESS:
10. Follow up:
 Monitoring the
consequences
of implementation, so that
necessary corrective actions can be to fine tune the plan.

21. PLANNING TYPES: