Top management unifies all sub-corporate plans. Organisation structure in terms of customer, product or region etc. In today’s era of rapid changes in technology, market conditions and government policies, the planning process has to be flexible enough in order to enable managers to face and meet newer and newer challenges. Improves competitive strength – Competitive strength is improved by adding new line of products, changes in quality and size of the product, expansion of plant capacity and changes in methods of work. Planning enables management to command the future rather than being swept away by future. It is carried out to achieve certain objectives in the future. So they just want to maintain the status quo. All these facilitate to get co-ordination, which consequently avoids duplication of work and interdepartmental conflicts. Objectives clarify the tasks to be accomplished. Features 7. Being at a lower place, planning for a foreman is to allocate the work to his subordinates. The high degree of human satisfaction motivates the workers to produce more within the specified time. i. Define planning. and external constraints (over which he has not much control). i. Formulating a mission for the entire organisation. Definitions of Planning 3. Thus, planning is an intellectual attempt by a manager to anticipate the future for better organisational performance. By helping to economise the use of scarce resources, sound planning leads to accomplishment of desired objectives in the best possible may, i.e., at the minimum possible cost. Planning is the process of thinking about the activities required to achieve a desired goal.It is the first and foremost activity to achieve desired results. Delegation of authority facilitated – A well-prepared plan will always facilitate the delegation of authority. The best possible alternative may be chosen by the manager after detailed analysis. Most bottling plants need copious water, and ground water is a practical source. The need is to predict the environmental changes through forecasting techniques like time series, forecasts, causal models and other statistical methods. For instance, a company might be required to revise its advertisement budget to maintain competitive parity, i.e., to match the efforts of its major and nearest rivals. Planning is a continuous process. It helps organisation to predict future events and prepare to take necessary actions against unexpected events. The article was written by Surbhi S. on December 3, 2016, Your email address will not be published. But while planning, the question which must arise in the mind of the executive is “what is the objective of doing the job?” So, the first step in planning is the determination of objectives. Great Article, how do I cite it, what date was it published and who is the author? Tactical planning has a time horizon of six months to two years. 2. Strategic planning commences with defining the purpose or mission of the organisation, establishing strategic priorities and formulating major policies. An orderly or step-by-step conception or proposal for accomplishing an objective: a plan for improving math instruction. Planning is the first as well as most crucial function of management and is considered as a foundation to all other functions of management. It is often remarked that ‘Planning is a mere ritual in a fast changing environment’. Planning is based on the timely availability of reliable and complete information and accuracy of forecasts of demand, price and technology. 4. It aids in organizing all available resources. Planning foresees the changes and uncertainties taking shape in future and devices methods to face them. The assumptions along with the future forecasts provide a basis for the plans. The chief executive or chairman, members of the board, managing directors, and divisional heads (these constitute the top level management) take part in strategic planning. Every department manager resorts to planning at different times. The scope of the plan can be two, three, five, or even ten years.Managers at every level will turn to the strategic plan to guide their decisions. These models help in accurate predictions and practical implementation of plans. Without resorting to such a search, he is likely to be guided by his limited imagination. Operational plans are related to day-to-day functioning such as production, delivery, or purchase operation. Pricing the products and services to be provided, iv. Planning contributes to the attainment of objectives. Planning involves the creation and maintenance of a plan. Planned targets serve as the criteria for the evaluation of different alternatives so that the best one may be chosen with the help of planning hasty decisions and random actions can be avoided. Rather a climate conducive to planning should he created. Thanks you. Planning leads to maximum output with minimum expenditure. Collection of information and making forecasts serve as an important basis of planning. All levels in the organisation carry out the planning function, but in varying degrees. A competitor may quickly enter his market with a more attractive product. A strategic plan is a high-level overview of the entire business, its vision, objectives, and value. The reliability of plans is open to doubt when the environmental forces are not stable. Planning has no utility if it is not related to objectives. iii. Planning Provides a Vision for the Community Today — and in the Future. It chalks out exactly, how to attain a specific goal. Collection of Information and Forecasting: 6. Would the fact that there is no law to prevent the company from using ground water, and that it returned more water to the nature than it used, through various means make the plan implementable? Thus, it is not a surprise that planning will … Thus decision-making is an inherent part of the planning exercise. Rather one should use terms such as ‘complete the task by 30th April 2016′, ‘complete the task with an expense not more than Rupees 20 lakhs’ and so on. This approach is practised in family-run organizations and centralized organizational structure. 10. The process of planning involves searching for alternatives and choice of the best alternative from those which are available for achieving certain specified and pre-determined organisational objectives. Pronunciation, planning is ubiquitous – that is, it exists in the actual performance can be adopted unpredicted... Of patient-centeredness and partnership working… planning definition, the scope and timescale of depends! 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