An overview of planning

By: MANISH MAHAJAN 20-MBA-13

CONTENTS
Introduction

Planning
Importance Types Principles Planning Premises

Steps in Planning
Features of an good Plan Limitations

Introduction
Planning as a process involves anticipation of future course

of events and deciding the best course of action.

Planning is basically the formulation, evaluation and selection

of a sequence of thoughts and actions to achieve a desired goal.

planning
According to Philip Kotler , Planning is deciding in the present

what to do in the future. It is the process whereby companies reconcile their resources with their objectives and opportunities.

According to Koontz and Odonnell ,

Planning is deciding in advance what to do ,

how to do it, when to do it and who is to do it.

PlanNIng
According to Confucius, A man who does not plan long ahead will find trouble at his door.

example
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characteristics
Goal oriented

Future
Intellectual process Continuous process

importance
Focuses attention on objectives and results
Reduces uncertainty and change

Provides sense of direction

importance
Helps in coordination Guides decision making Facilitates control

Components
Policy
Objectives

Procedure
Planning Components

Budget
Programme

Rule

Types of planning

Types of planning

premises
Controllable, Semicontrollable and Uncontrollable
Internal and External Tangible and Intangible

Premises

Steps in planning
Determination of the objectives
Collection of Information Development of planning premises Discovering alternative courses of action

Steps in planning
Selection of best alternative
Formulation of derivative plans Communicating the plan Follow up measures

Features of good plan

Flexible
Comprehensive Economical

Features of good plan

Clear objective
Proper understanding Stable

limitations
Costly process Rigidity Limited scope

limitations
Influence of external factors Non-availability of data Peoples resistance

Bibliography
Internet :

http://en.wikipedia.org/wiki/Planning http://www.managementstudyguide.com/planning_function.h tm https://www.boundless.com/management/introduction-tomanagement/principles-of-management/fulfilling-the-planningfunction/ http://kalyan-city.blogspot.com/2010/06/planning-firstprimary-important.html

Books : Principles of Management by L M Prasad Fundamentals of Management by Stephen Robbins

THANK YOU