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Nature and process of planning

Nature and Process of Planning, Strategic Planning

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Other Site You might be interested in: http://www.mrfitandrich.com

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Nature and process of planning

  1. 1. Nature andProcess ofPlanningRowen Remis R. Iral2012 November 12Organizational Management
  2. 2. Definition of Plan Typicallyany diagram or list of steps with timing and resources, used to achieve an objective Temporal set of intended actions which one expects to achieve a goal.
  3. 3. Plans Structured and formal plans Informal or ad-hoc plans
  4. 4. Definition of Planning Forethought Forecasting
  5. 5. Steps in Planning Process Goal Setting  Plans are means to achieve ends or objectives  Objective – clear, specific and informative  Tools:  Mind map  SMART  Specific, Measurable, Attainable, Realistic, Time- bound
  6. 6. Steps in Planning Process Developing the planning premises  Assumptions and conditions must be clearly defined  Tools:  Decision Table
  7. 7. Steps in Planning Process Reviewing Limitations  Constraints or Limitations  Finance  Human Resources  Materials  Power  Machinery  Tool:  SWOT Analysis
  8. 8. Steps in Planning Process Deciding the Planning Period  Too much planning can also cause delay and overcautious actions
  9. 9. Steps in Planning Process Formulation of Policies and Strategies  Alternative plans  Controlling activities in the future
  10. 10. Steps in Planning Process Preparing Operating Plans  Operations plans / Basic Plan  Procedures  Programmers  Schedules  Budgets  Rules
  11. 11. Steps in Planning Process Integration of Plans  Different plans must support each other  Sequence and alternatives  Reviewing and revising plans  Communication of plans
  12. 12. SWOT Analysis The most renowned tool for audit and analysis of the overall strategic position of the business and its environment. Its key purpose is to identify the strategies that will create a firm specific business model that will best align an organization’s resources and capabilities.
  13. 13. Internal Analysis Strengths  Qualities that enable to accomplish the organization’s mission Weaknesses  Qualities that prevents from accomplishing mission and achieving company’s full potential
  14. 14. External Analysis Opportunities  Competitive advantage Threats  Competition  Survivality
  15. 15. Common PlanningProblems Agreement on definitions and terminology. Needs accurate information and correct assumptions. High standards of planning for complex organization
  16. 16. Strategy Plan of action designed to achieve a specific goal. Gaining or being prepared to gain a position of advantage over adversaries or best exploiting emerging possibilities
  17. 17. Strategic Planning Process Mission& Objectives Environmental Scanning Strategy Formulation Strategy Implementation Evaluation and Control
  18. 18. Environmental Scan Internal Analysis of the Firm Analysis of the firm’s industry (task environment) External Macroenvironment (PEST/STEP)  Political  Economic  Social  Technological
  19. 19. Planning Types Strategic Planning Business Planning Financial Planning
  20. 20. Questions?
  21. 21. Thank you. Rowen Remis R. Iral  IT Engineer  Technology, Management, Strategy

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Nature and Process of Planning, Strategic Planning Visit the Author's Site at http://wenmi01.tumblr.com Other Site You might be interested in: http://www.mrfitandrich.com

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