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Planning in Management

planning

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Jija Rakte
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82 views17 pages

Planning in Management

planning

Uploaded by

Jija Rakte
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Planning In

Management
Table Contents
 Definition
 Introduction
 About Planning in Management
 Types of Planning
 Importance of Planning
 Conclusion

2
Definition
Planning is the
function of
management that
involves setting
objectives and
determining a course
of action for achieving
those objectives.

3
About Planning in Management

• Planning requires that managers be aware of


environmental conditions facing their
organization and forecast future conditions. It
also requires that managers be good decision
makers.
• Planners must then attempt to forecast future
conditions. These forecasts form the basis for
planning.
4
●●●
About Planning in Management

• Planning is a process consisting of several


steps.
• The process begins with environmental
scanning which simply means that planners
must be aware of the critical contingencies
facing their organization in terms of economic
conditions, their competitors, and their
customers.
5
●●●
About Planning in Management

• Planners must establish objectives, which are


statements of what needs to be achieved and
when. Planners must then identify alternative
courses of action for achieving objectives.
• After evaluating the various alternatives,
planners must make decisions about the best
courses of action for achieving objectives. They
must then formulate necessary steps and
ensure effective implementation of plans.
6
7
Types of Planning
Strategic planning
• It involves analyzing competitive
opportunities and threats, as well as the
strengths and weaknesses of the
organization, and then determining how
to position the organization to compete
effectively in their environment.

●●●
8
Types of Planning
Tactical planning
• It is intermediate-range (one to three
years) planning that is designed to develop
relatively concrete and specific means to
implement the strategic plan.
• Middle-level managers often engage in
tactical planning.

●●●
9
Types of Planning
Operational planning
• It generally assumes the existence of
organization-wide or subunit goals and
objectives and specifies ways to achieve
them.
• Operational planning is short-range (less than
a year) planning that is designed to develop
specific action steps that support the
strategic and tactical plans.
●●●
10
Types of Planning
Contingency Planning
• Also known as ‘special planning’, it is used for
situations when changes cannot be foreseen.
It is that ‘what if’ scenario that a business
manager needs to consider so that the
company does not face losses.
• That ‘what if’ scenario can be loss of data in a
data security firm, failed product in the
market, etc.
●●●
11
Importance of Planning
Establishes Direction
• Planning is all about creating objectives and
meeting them without any hassle. When
you plan well, you have clarity on what it
will take to achieve the goals.
• In a formal or informal organisation, proper
planning gives the group or team direction
for meeting the objectives.

●●●
12
Importance of Planning
Removes Risks
• Planning removes risks involved in the
decisions you make. Sometimes, plans are
made to withstand unforeseen
circumstances.
• By anticipating risks in the planning process,
you can reduce uncertainties in the future.

●●●
13
Importance of Planning
Improves Efficiency
• In an organisation, planning also looks into
what can be done better and cost-
effectively.
• Without planning, a department may
unknowingly utilise too many resources.

14
15
Conclusion
 Planning is the function of management that
involves setting objectives and determining a
course of action for achieving those objectives.
 Planning requires that managers be aware of
environmental conditions facing their
organization and forecast future conditions.

16
Thank You

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