Planning

PLANNING[“WELL PLAN IS HALF WORK DONE”]

Presented By:

Dhaval Modi

PLANNING[“WELL PLAN IS HALF WORK DONE”]

Presented By:

Dhaval Modi

OBJECTIVE

To share the IMPORTANTS of Planning &

planning process.

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.

“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

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.

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.

PLANNING PROCESS

TYPES OF PLANNING

Strategic planning

Operational planning

Result management

STRATEGIC PLANNING

Broad base & conceptual

Deal with future

Developed early in the fiscal year or in

APM/AGM

CEO/MD/top management persons involved

OPERATIONAL PLANNING

Developed after the strategic plan

Focused on short term organization

destination.

CEO/COO/ All managers

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

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.

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.

DISADVANTAGE

Rigidity

Misdirected Planning

Time consuming

Probability in planning

False sense of security

Expensive

EXTERNAL LIMITATION

Political Climate

Labour Union

Technological changes

Policies of competitors

Natural Calamities

Changes in demand and prices

Thank You !

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