PLANNINGPLANNING

Contents Contents Meaning & definitions TypesPlanning processImportance

PLANNING MEANING :-PLANNING MEANING :-• Planning is the important and primary function of

management.

• It is the beginning of process of management.

• A manager must plan before coming in action.

• It is concerned in deciding in advance what to do? How to do? When to do? Why to do? Where to do? And who to do? And answering all these questions depends upon intelligence.

• Planning is a fully mental work.

Planning is thus: - •Planning is concerned with future and it helps the management to look ahead.

•It involves thinking about organization’s prosperity and helps analysis of information.

•It involves a predetermined course of action.

•It specifies the objectives to be attained in future.

•It is basically a problem of choosing from the alternative courses of action.

•It relates with thinking before doing.

•It involves both decision making and problem solving.

Definitions Of Planning By Definitions Of Planning By Different AuthorsDifferent Authors•According to koontz and o”donnell:-Planning is deciding in advance what to do , how to do it , when to do it ,& who is to do it.

•According to haimann:-Planning is deciding in advance what is to be done

TYPES OF PLANS …TYPES OF PLANS …

Standing plans and Single use plans Long range and Short range plans

Financial and Non financial plans

Formal and Informal plans

Project and Product plans

Standing Plan Standing plans provide readymade

answers to a given situation.In banks ., a request for loan is handled according to standing plan. That’s why it is also called repeated plans.

Single Use plans These plans are plans which are designed

for a specific purpose or period.these plans have a short life. For i.e. budgeting

Formal Plan These plans are written when made. Informal Plans These plans are only made verbally.Project Plan It is concerned with a specific

project ..such as plan for installation of machinery in building.

Product Plan It is a plan relating to product .i.e plan for

increasing market share of the product.

Making forecast

Identifying the alternative

Evaluation of alternatives

Selection of best alternative

Formulating the supportive plan

Implementing

Controlling

Establishing the objectives

Determining the planning premises

Planning process

Process of planning:-Process of planning:- Establishing objectives Determining planning limitations

or premises Making a forecast Searching for alternative

courses Evaluating alternatives

Selecting the best alternative Formulating of supporting plans Implementing plans Reviewing plans

Importance Of Importance Of PlanningPlanning:-:-

Planning Provides Direction Planning promotes Innovative Ideas Planning Facilitates Decision Making Planning Reduce overlapping And

wasteful Activities Planning Reduces the risk of

Uncertainities