presentation principle of management

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Planning is the future into the present so that you

can do something about it now Allan Lakein.

According to us planning involves defining:

defining organization goals

Establishing an overall strategy

Developing plans for work activities



Planning can be:

Informal: Nothing is written down and there

is very little sharing of organizations goals.F ormal: it has a specific goals and these

goals are written and shared with other

members of the organization.



Planning process involves:

estimating what resources will be required

Considering what problems are likely to arise

Deciding how to overcome those resources

For example:

Suppose a new restaurant has been opened. It will

required capital and labor as resources. It may get

financial problems for the 2st and 2nd year, therefore it

can take loans to overcome the problems.



However the planning process also involves:

Identifying the goals to be achieved

Formulate strategies to achieve the goalsArrange or create the means required and

Implement, direct and monitors all steps in their

proper sequence

Decision making process

Goal setting



Decision making process is a set of eight steps that

help to plan the objectives of the organization. It

also connects the organi9zations circumstances to actions that will take the organization into the

f uture.



Identification of a problem

Identification of decision criteria

Allocation of weights to criteria

Development of alternatives

Analysis of alternatives

Selection of alternatives

Implement of alternatives

Evaluation of decision effectiveness



Definition: Goal setting is the process in which the

organizations goals are set, viewed and changed if

necessary.



Review the organizations mission the purpose

of the organization

Evaluate available resources

Determine the goals individually or with input

from others

Write down the goals and communicate them to

all who need to knowReview results and whether goals are being met



PLANNING

Long term

planningShort term

planning



» Organizing

» Setting objectives

» Establishing priorities

» Designing activities

» Dividing action into feasible steps

» Implement action

» Dissemination information» Evaluation

» Revising



Planning provides:

> direction, focus, guidance and commitment

>reduces uncertainty

>minimizes waste and redundancy



Planning may create rigidity

Plans cannot be developed for a dynamic

environment

Formal plans cannot replace intuition and

creativity

Planning focuses managers attention on todays

competition , not on tomorrows survivalFormal planning reinforces success which may lead

to f ailure



According to us planning is essential as it helps the

organization to achieve its goals and objectives

through its various activities like decision making and goal setting. However planning is not only

used in organizations but we can also plan our day

so that we can en joy the maximum of our time.



Books

Management Sixth Edition

By James A.F Stoner, R.Edwar Freeman and Daniel R. Gilbert, JR.

Management Ninth Edition

By Stephen P.Robbins &Marry Coulter

BusinessManagement Studies 1St Edition

By P.H Turner & D.C Turner

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