planning
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TRANSCRIPT
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
