C2 Planning MGT162
C2 Planning MGT162
C2 Planning MGT162
PLANNING
Learning Objectives
After completing this chapter,
students should be able to:
Define planning
Explain why planning is critical
for effective leadership
Describe strategic planning
Discuss operational plan
continue.
Continue.
When we plan we know what are we really
expected and becoming more meaningful.
It helps to achieve goals and reduces
overlapping activities.
Planning can provide effective utilization of
available facilities.
Planning helps managers to become confident
and aggressive leader and can cope with all the
problems.
Planning guides management thinking to future
desirable activities and what must be done to
attain goals.
Benefits of Planning
STRATEGIC PLANNING
A comprehensive plan (complete planning) for
accomplishing an organization goals and objectives.
Strategic planning is the process by which an organization
makes decisions and takes actions that affect its long-run
performance.
A strategic plan is the output of the strategic planning
process.
Strategic plans define both the markets in which the firm
competes and the ways in which it competes in those
markets.
STRATEGY
A method of shaping a companys
future and involves determining the
long-run direction of the organization.
Purpose of Strategic Planning :
To move the organization from where
it is to where it wants to be.
MISSION STATEMENT
IMPORTANCE OF
MISSION STATEMENT
OPERATIONAL PLAN