Principles & practices of management

Presented by-Vishwajeet kumar

Vinit kumar Vikash kumar

Shubangi keshriVishwajeet kumar

STRATEGIES & METHOD OF DECSION MAKING IN PLANNING PROCESS

• A basic management function involving formulation of one or more detailed plans to achieve optimum balance of needs or demands with the available resources.

planning

• Indentifies the goles or objectines to be achived.

• Formulates strategies to achieve them.• Arranges or creats the means required.• Implements,directs & monitors all steps in

their proper sequence.

The planning process

• Strategic plan• Tactical plan• Operational plan• Contingency plan

Types of plan’s

H.FAYOL SAYS,”- PLANNING IS DECIDING THE BEST ALTERNATIVES

AMONG OTHER TO PERFORM DIFFERENT MANAGERIAL

OPERATIONS IN ORDERS TO ACHIVE THE PRE-DETERMINED GOALS”.

• Primary of planning• An intellectual activity• A continuous function• Planning is flexible• For all managerial function

The essential nature or characteristics of planning

• Planning is the first & most important function of management. It is needed at every level of management. In the absence of planning all the business activities of the organisation will become meaningless.

IMPORTANS OF PLANNING IN MANAGMENT

The following facts show the advantages of planning & its importance for a business

organisation

• Planning provides direction• Planning reduces risks of uncertainty• Planning reduces over lapping & wastetul

activities• Planning facilitates decision making• Planning establishes standerderd’s for

controlling.

• The policy section provides access to the chief planning legislation produced by the government as well as other planning related documents report & statisics

PLANNING POLICIES

STRATEGIES

The determination of the basic long-term objectives of an enterprise and the adoption of courses of action and allocation of resources necessary to achieve these goal.

• Decision making is defined as the selection of a course of action from among alternatives.it is at the core of planning.

• A plan can’t be said to exist unless a decision has been made.

Decision making

CONCLUSION

Planning involves selecting the mission and objectives as well as the actions to achive them.it requires decision making, which means chossing a future course of action from among alternatives. planning and controlling are closely interrelated.

REFERANCE

BOOK OF MANAGEMENT BY-HEINZ WEIHRICH & HAROLD KOONTZWeb link’s – google, wikepedia,

Questions