Planning Of Management Pdf

Planning means looking ahead and chalking out future courses of action to be followed. Planning bridges the gap between where we are to, where we want to go. For example, Number of men working, wages given, units produced, etc.

The planners should take help of various quantitative techniques to judge the stability of an alternative. It is the basic management function which includes formulation of one or more detailed plans to achieve optimum balance of needs or demands with the available resources. With the help of planning possible changes in future are anticipated and various activities are planned in the best possible way. This step establishes a link between planning and controlling function.

Determine Desired Values and Outcomes

But if you do revisit your goals, do so with your vision in mind so you can find other ways of expressing it in your work. In such a situation coordination is established among different activities and departments. Planning is a detailed programme regarding future courses of action. Create formal protocols for assessing your progress.

Planning Function of Management

Determine Desired Values and Outcomes

As a matter of fact, objectives provide nucleus to the planning process. Establishment of planning premises is concerned to take such steps that avoids these obstacles to a great extent. In this way, rumi pdf ebook planning imparts a real power of thinking in the managers. The management planning process helps your company through the steps of defining a desired outcome and developing a strategy to achieve it. This enables the management to correct deviations or modify the plan.

Steps in Planning Function

For example, if it is decided that a particular amount of money will be required in a particular month, the finance manager will arrange for it in time. Assess how well you are progressing toward your goals, but also be open to reassessing the goals themselves, as long as you do so in ways that are still consistent with your long-term vision. By keeping these facts in mind and planning the future activities, the possible difficulties can be avoided. Now all the departments, e. To know where you want to go, you must first understand where you are.

The organization may be able to get valuable suggestions and improvement in formulation as well as implementation of plans. The follow up must go side by side the implementation of plans so that in the light of observations made, future plans can be made more realistic.

The Basic Steps in the Management Planning Process

Thus, it is a happy situation for a company which is born through the medium of planning. Under planning, future activities are planned in order to achieve objectives. Under it, a variety of alternatives are discovered and the best alternative is chosen. Planning premises may be internal or external.

Consequently, the problems of when, where, what and why are almost decided. In case, the money is less than the requirement, the work will not be completed and in case it is more than the requirement, the amount will remain unused and thus cause a loss of interest. Measurement of actual work, knowledge of deviation and holding the labourer responsible falls under controlling. After objective and scientific evaluation, the best alternative is chosen. They serve as a basis of planning.

In this way, the attention of all the managers will get focused on the attainment of their objectives. Put different managers and staff members in charge of domains, such as tracking sales figures or carbon emissions. Create a chain of accountability showing who is ultimately responsible for different outcomes. Moreover objectives focus the attention of managers on the end results to be achieved.

Planning Function of Management

For this purpose, each and every alternative will be evaluated by weighing its pros and cons in the light of resources available and requirements of the organization. This puts an end to disorder and suspicion. Consequently, wastages moves towards nil, efficiency increases and costs get to the lowest level.

The Basic Steps in the Management Planning Process

Planning Function of Management

While making such an effort of discovery, many new ideas emerge and they are studied intensively in order to determine the best out of them. Choice of alternative course of action When forecast are available and premises are established, a number of alternative course of actions have to be considered. The planning sets the target for decision making. Internal premises are controllable whereas external are non- controllable. Leave a Reply Click here to cancel reply.

Work with your management team to clarify this vision, and make sure there is consensus around adopting it as a guiding principle for your company. It is to find out what obstacles are there in the way of business during the course of operations. The merits, demerits as well as the consequences of each alternative must be examined before the choice is being made. In the absence of this information, the amount of money can be more or less than the requirement in that particular month.

Both these situations are undesirable. The obvious outcome of this is that all the employees get a direction and all their efforts are focused towards a particular end.

Planning starts with the setting of goals and objectives to be achieved. Standards are laid down about their work, time and cost, etc. Thus, in the absence of planning controlling is not possible. These are meant to support and expediate the achievement of basic plans. It is needed at every level of management.

Establishment of objectives Planning requires a systematic approach. Secondary plans will flow from the basic plan.

Therefore, objectives should be stated in a clear, precise and unambiguous language. For example, in order to fix a sales target a survey can be undertaken to find out the number of new companies likely to enter the market. Technologies and circumstances may change, making your goals less achievable or relevant. In the absence of planning, it may not be impossible but certainly difficult to guess the uncertain events of future.

Determine the values and outcomes you want your company to achieve, and state them clearly. Under the process of planning the objectives of the organisation are defined in simple and clear words. For example, suppose a company fixes a sales target under the process of planning.

These detail plans include policies, procedures, rules, programmes, budgets, schedules, etc. Setting this planning process in motion helps you move forward with clarity, and saves you wasted time, energy and capital. In this way, planning has an important role in the attainment of the objectives of the organisation.

What is the Importance of Planning in Management