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    Planning: Prof. Manoj Mishra Cnlu Patna

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    Rohit Kumar
    This document discusses planning principles and forecasting techniques. It covers the need for forecasting and different qualitative and quantitative forecasting methods like jury opinion, time series analysis, and regression. It then outlines features of a good plan like being linked to objectives, providing direction, consistency, feasibility, simplicity and flexibility. Finally, it lists several principles of planning like having clear objectives, utilizing consistent planning premises, understanding strategies and policies, overcoming limiting factors, building flexibility, and periodically checking plans against events.

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    Planning: Prof. Manoj Mishra Cnlu Patna

    Uploaded by

    Rohit Kumar
    8 views9 pages
    This document discusses planning principles and forecasting techniques. It covers the need for forecasting and different qualitative and quantitative forecasting methods like jury opinion, time series analysis, and regression. It then outlines features of a good plan like being linked to objectives, providing direction, consistency, feasibility, simplicity and flexibility. Finally, it lists several principles of planning like having clear objectives, utilizing consistent planning premises, understanding strategies and policies, overcoming limiting factors, building flexibility, and periodically checking plans against events.

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    Planning4 (1).pptx

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    This document discusses planning principles and forecasting techniques. It covers the need for forecasting and different qualitative and quantitative forecasting methods like jury opinion, time series analysis, and regression. It then outlines features of a good plan like being linked to objectives, providing direction, consistency, feasibility, simplicity and flexibility. Finally, it lists several principles of planning like having clear objectives, utilizing consistent planning premises, understanding strategies and policies, overcoming limiting factors, building flexibility, and periodically checking plans against events.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    8 views9 pages

    Planning: Prof. Manoj Mishra Cnlu Patna

    Uploaded by

    Rohit Kumar
    This document discusses planning principles and forecasting techniques. It covers the need for forecasting and different qualitative and quantitative forecasting methods like jury opinion, time series analysis, and regression. It then outlines features of a good plan like being linked to objectives, providing direction, consistency, feasibility, simplicity and flexibility. Finally, it lists several principles of planning like having clear objectives, utilizing consistent planning premises, understanding strategies and policies, overcoming limiting factors, building flexibility, and periodically checking plans against events.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 9

    Planning

    PROF. MANOJ MISHRA


    CNLU PATNA
    To be covered in this session

    Forecasting Need & Techniques

    Principles of Planning
    Forecasting
    Need & Techniques
    QUALITATIVE
    JURY OR EXECUTIVE OPINION
    OPINION OF SALESPERSONS
    CONSUMER EXPECTATIONS
    DELPHI METHOD
    QUANTITATIVE
    TIME SERIES ANALYSIS
    CORRELATION
    REGRESSION
    FEATURES OF A GOOD PLAN
    LINKED TO LONG TERM OBJECTIVES
    DIRECTION FOR ACTION
    CONSISTENT
    FEASIBLE
    SIMPLICITY
    FEXIBLE
    Principles of Planning
    Purpose and nature of planning
    Principle of contribution to objective
    The purpose of every plan and all supporting plans is to
    promote the accomplishment of enterprise objective.
    Principle of objective
    Objectives must be clear, verifiable and attainable.
    Principle of primacy of planning
    The more thoroughly individuals charged with planning
    understand and agree to utilize consistent planning
    premises, the more coordinated enterprise planning will be.
    Principle of efficiency of plans
    Principles of Planning
    The Structure of Plans
    Principle of planning premises
    The more thoroughly individuals charged with planning
    understand and agree to utilize consistent planning
    premises, the more coordinated enterprise planning will be.
    Principle of the strategy and policy framework
    The more strategies and policies are clearly understood and
    implemented in practice, the more consistent and effective
    will be the framework of enterprise plans.
    Principles of Planning
    The Process of Planning
    Principle of Limiting Factor
    By recognizing and overcoming those factors that stand
    critically in the way of a goal, the best alternative course of
    action.
    The Commitment Principle
    Logical planning encompasses a future period of time
    necessary to fulfill through a series of actions, the
    commitments involved in the decisions made today.
    Principles of Planning
    Principle of Flexibility
    Building flexibility into plans will lessen the danger of losses
    incurred through unexpected events, but the cost of
    flexibility should be weighed against its advantages,
    Principle of Navigational Change
    The more that planning decisions commit individuals to a
    future path, the more important it is to check on events and
    expectations periodically and redraw plans as necessary to
    maintain a course towards desired goals.
    Thank You!

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