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    1 Maneco Planning

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    mname7612
    This document discusses key aspects of planning as a management function. It defines planning as a logical and systematic approach to formulating objectives, programs, policies, and plans. The nature of planning is described as crucial, intellectual, continuous, and contributing to organizational effectiveness. Basic steps in planning include defining the current situation, establishing goals and objectives, determining alternatives, and choosing a course of action. Other types of plans discussed are single-use, long-range, short-range, intermediate, production, strategic, manpower, and financial plans. Decision-making and factors in the decision-making environment are also summarized. Key planning techniques and tools covered are forecasting, break-even analysis, scheduling, management by objectives, and why

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    1 Maneco Planning

    Uploaded by

    mname7612
    13 views28 pages
    This document discusses key aspects of planning as a management function. It defines planning as a logical and systematic approach to formulating objectives, programs, policies, and plans. The nature of planning is described as crucial, intellectual, continuous, and contributing to organizational effectiveness. Basic steps in planning include defining the current situation, establishing goals and objectives, determining alternatives, and choosing a course of action. Other types of plans discussed are single-use, long-range, short-range, intermediate, production, strategic, manpower, and financial plans. Decision-making and factors in the decision-making environment are also summarized. Key planning techniques and tools covered are forecasting, break-even analysis, scheduling, management by objectives, and why

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    This document discusses key aspects of planning as a management function. It defines planning as a logical and systematic approach to formulating objectives, programs, policies, and plans. The nature of planning is described as crucial, intellectual, continuous, and contributing to organizational effectiveness. Basic steps in planning include defining the current situation, establishing goals and objectives, determining alternatives, and choosing a course of action. Other types of plans discussed are single-use, long-range, short-range, intermediate, production, strategic, manpower, and financial plans. Decision-making and factors in the decision-making environment are also summarized. Key planning techniques and tools covered are forecasting, break-even analysis, scheduling, management by objectives, and why

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    13 views28 pages

    1 Maneco Planning

    Uploaded by

    mname7612
    This document discusses key aspects of planning as a management function. It defines planning as a logical and systematic approach to formulating objectives, programs, policies, and plans. The nature of planning is described as crucial, intellectual, continuous, and contributing to organizational effectiveness. Basic steps in planning include defining the current situation, establishing goals and objectives, determining alternatives, and choosing a course of action. Other types of plans discussed are single-use, long-range, short-range, intermediate, production, strategic, manpower, and financial plans. Decision-making and factors in the decision-making environment are also summarized. Key planning techniques and tools covered are forecasting, break-even analysis, scheduling, management by objectives, and why

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 28

    Management Function:

    Planning
    Group 1
    s e ar e the
    T h e i ve s
    object

    Objectives
    Our
    objec
    tives
    At the end of the session, the students shall be able to understand the
    following subtopics under planning as management function:
    Definition of planning
    Nature of planning
    Basic steps in planning
    Other types of plan
    Decision-making
    Decision-making environment
    Planning techniques and tools
    Why managers fail in planning?
    the first step of management
    function

    What is a logical and systematic approach


    of formulating the objectives,
    programs and policies, procedures,

    planning? budgets, rules and regulations,


    and other types of plans

    deals with setting goals of the


    organization and identifying ways
    to achieve them
    Nature of
    Planning
    1. Planning is crucial
    It is the most basic management function.

    2. An intellectual process
    It is a prudent choice of the proper course of action from
    among alternatives.

    3. A continuous function
    It is a dynamic process that needs frequent revisions.
    4. For all managerial functions
    It is an all-encompassing function of management.

    5. Planning contributes to purpose and objectives


    A decisive, sound, and efficient planning process
    recognizes how and when to tackle a problem that will
    lead to the attainment of goals and objectives.

    6. Better utilization of resources


    It makes useful and appropriate use of organization
    resources.
    7. Increases organizational effectiveness
    Effectiveness guarantees that the organization is in the
    best position to attain its goals and objectives.

    8. For efficient organization


    It is evaluated by the amount it contributes to purpose
    and objectives as offset by the things required to
    formulate and implement it.
    Basic Steps in
    Planning
    Steps
    Defining the current situations

    Establishing goals and objectives

    Establishment of planning premises

    Determining alternative courses of action

    Evaluating all alternatives

    Choosing a course of action

    Devising supporting plans

    Establishing succession of activities

    Feedback action
    Other types
    of Plans
    Other types of Plans

    These plans are designed for specific purpose or


    period.
    Single-use plans

    These are the strategic plans of the organization. Its Long-range plans
    time span cannot be stated specifically.

    These plans generally apply to a specific time frame in


    which a specific series of operations will be carried out, Short-range plans
    assessed, and measured.
    Other types of Plans

    s
    These plans follow once that long-range plans are
    formulated.
    Intermediate plan

    Planning of production and manufacturing modules in Production plans


    a company or industry

    These involve determining the major goals of the


    entire organization and the policies to guide the Strategic Plans
    achievement of thesegoals.
    Other types of Plans

    It is the process of estimating the optimum number of


    people required for completing a project, task or a M a n p o w e r p la n s
    goal within time.

    It is a comprehensive picture of your current finances,


    your financial goals and any strategies you've set to Financial plans
    achieve those goals.

    A marketing plan is a strategic roadmap that


    businesses use to organize, execute​ , and track Marketing Plans
    their marketing strategy over a given time period.
    Decision- Making
    Decision-making

    Decision-making is a part of planning. Planning is


    the process of selecting a future course of action,
    where decision-making means selecting a course
    of action. Decision-making is an intermediate-
    sized set of activities that begins with an
    identifying problem and ends with choice making
    or decision giving.
    Decision-making
    Environment
    CREDITS: This presentation template was created
    by Slidesgo, including icons by Flaticon, and
    infographics & images by Freepik
    The quality of the decisions made in an organization will
    dictate the success or failure of the said business.

    So, all the available information and alternatives must be


    studied before arriving at an important decision. The
    process of decision making will help a great deal.

    Another factor that affects these decisions is the


    environment in which they are taken. There are a few
    different types of environments in which these decisions
    are made.
    Such type of environment is very sure and
    certain by its nature. This means that all the
    information is available and at hand. Such
    data is also easy to attain and not very
    expensive to gather.

    So, the manager has all the information he may


    need to make an informed and well thought
    out decision. All the alternatives and their
    outcomes can also be analyzed and then the
    manager chooses the best alternative.
    In the decision-making
    environment of uncertainty,
    the information available to
    the manager is incomplete,
    insufficient, and often
    unreliable.

    In an uncertain environment, everything is in a state


    of flux. Several external and random forces mean
    that the environment is most unpredictable.
    Under the condition of risk,
    there is the possibility of more
    than one event taking place.
    Which means the manager has
    to first ascertain the possibility
    and probability of the
    occurrence or non-occurrence The manager will generally rely on
    of the event. past experiences to make this
    deduction.
    Planning Techniques
    & Tools
    Techniques & Tools

    F o r e c a s t i n g
    It is the process of predicting future
    environmental happenings that will
    influence the operation of the
    k-e ve n a n a ly s i s
    organization. Brea
    The technique can be used for analyzing
    the effect on profits of different pricing
    strategies or of different alternatives in
    incurring costs.
    Techniques & Tools

    Scheduling
    This is the term used for planning time for various
    activities in an organization. Well-known
    network analysis methods are Program
    Management by Evaluation Review Technique (PERT) and
    Critical Path Method (CPM).
    Objectives
    Management by Objectives (MBO) is a strategic
    management model that aims to improve
    organizational performance by clearly defining
    objectives that are agreed to by both management
    and employees.
    Why managers
    fail in planning?
    Why managers fail?
    Lack of Real Commitment in Failure to develop implement
    Planning sound strategies

    Interchanging Planning studies Lack of meaningful objectives


    with plans and goals
    Why managers fail?
    Tendency to underestimate Failure to see the scope of
    the importance of planning plans
    premises

    Failure to see planning as


    rational process
    Thanks
    Do you have any questions?

    CREDITS: This presentation template was created


    by Slidesgo, including icons by Flaticon, and
    infographics & images by Freepik

    Please keep this slide for attribution

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