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    Stages in Planning Cycle

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    Tasneem Md Farid
    The planning cycle involves 6 stages: 1) Define objectives and goals that support the vision and mission, 2) Develop assumptions about future external and internal conditions, 3) Evaluate alternative ways to achieve goals, 4) Identify the resources needed to implement alternatives, 5) Create a plan to implement tasks in a logical sequence, and 6) Determine methods to track progress and evaluate if adjustments are needed. Regular monitoring is important to ensure the plan stays on track as conditions may change.

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    Stages in Planning Cycle

    Uploaded by

    Tasneem Md Farid
    25 views2 pages
    The planning cycle involves 6 stages: 1) Define objectives and goals that support the vision and mission, 2) Develop assumptions about future external and internal conditions, 3) Evaluate alternative ways to achieve goals, 4) Identify the resources needed to implement alternatives, 5) Create a plan to implement tasks in a logical sequence, and 6) Determine methods to track progress and evaluate if adjustments are needed. Regular monitoring is important to ensure the plan stays on track as conditions may change.

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    Introduction to Management

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    The planning cycle involves 6 stages: 1) Define objectives and goals that support the vision and mission, 2) Develop assumptions about future external and internal conditions, 3) Evaluate alternative ways to achieve goals, 4) Identify the resources needed to implement alternatives, 5) Create a plan to implement tasks in a logical sequence, and 6) Determine methods to track progress and evaluate if adjustments are needed. Regular monitoring is important to ensure the plan stays on track as conditions may change.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    25 views2 pages

    Stages in Planning Cycle

    Uploaded by

    Tasneem Md Farid
    The planning cycle involves 6 stages: 1) Define objectives and goals that support the vision and mission, 2) Develop assumptions about future external and internal conditions, 3) Evaluate alternative ways to achieve goals, 4) Identify the resources needed to implement alternatives, 5) Create a plan to implement tasks in a logical sequence, and 6) Determine methods to track progress and evaluate if adjustments are needed. Regular monitoring is important to ensure the plan stays on track as conditions may change.

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    © All Rights Reserved
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    Stages in the Planning Cycle

    The stages in the planning cycle

    Define objectives

    The first, and most crucial, step in the planning process is to determine what is to be
    accomplished during the planning period. The vision and mission statements provide long-
    term, broad guidance on where the organization is going and how it will get there. The
    planning process should define specific goals and show how the goals support the vision and
    mission. Goals should be stated in measurable terms where possible. For example, a goal
    should be “to increase sales by 15 percent in the next quarter” not “increase sales as much as
    possible.”
    Develop premises

    Planning requires making some assumptions about the future. We know that conditions will
    change as plans are implemented and managers need to make forecasts about what the
    changes will be. These include changes in external conditions (laws and regulations,
    competitors’ actions, new technology being available) and internal conditions (what the
    budget will be, the outcome of employee training, a new building being completed). These
    assumptions are called the plan premises. It is important that these premises be clearly stated
    at the start of the planning process. Managers need to monitor conditions as the plan is
    implemented. If the premises are not proven accurate, the plan will likely have to be changed.

    Evaluate alternatives

    There may be more than one way to achieve a goal. For example, to increase sales by 12
    percent, a company could hire more salespeople, lower prices, create a new marketing plan,
    expand into a new area, or take over a competitor. Managers need to identify possible
    alternatives and evaluate how difficult it would be to implement each one and how likely
    each one would lead to success. It is valuable for managers to seek input from different
    sources when identifying alternatives. Different perspectives can provide different solutions.

    Identify resources

    Next, managers must determine the resources needed to implement the plan. They must
    examine the resources the organization currently has, what new resources will be needed,
    when the resources will be needed, and where they will come from. The resources could
    include people with particular skills and experience, equipment and machinery, technology,
    or money. This step needs to be done in conjunction with the previous one, because each
    alternative requires different resources. Part of the evaluation process is determining the cost
    and availability of resources.

    Plan and implement tasks

    Management will next create a road map that takes the organization from where it is to its
    goal. It will define tasks at different levels in the organizations, the sequence for completing
    the tasks, and the interdependence of the tasks identified. Techniques such as Gantt charts
    and critical path planning are often used to help establish and track schedules and priorities.

    Determine tracking and evaluation methods

    It is very important that managers can track the progress of the plan. The plan should
    determine which tasks are most critical, which tasks are most likely to encounter problems,
    and which could cause bottlenecks that could delay the overall plan. Managers can then
    determine performance and schedule milestones to track progress. Regular monitoring and
    adjustment as the plan is implemented should be built into the process to assure things stay
    on track.

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