BME_U1_Introduction to Planning in management.pptx

BME_U1_Introduction to Planning

1. Introduction to Planning Ms Nandhini A Assistant Professor Department o f BCom CMA Sri Ramakrishna College of Arts and Science Coimbatore - 641 006 Tamil Nadu, India 1

2. Definition of Planning 2 Sri Ramakrishna College of Arts and Science Ms. A.Nandhini , Assistant Professor, Dept of BCom CMA,SRCAS. Planning refers to the determination of a course of action to achieve a desired result. Koontz and O Donnell says “Planning is an Intellectual process the conscious determination of course of action, the basing of decisions on purpose, facts and considered estimates. 2 . In the words of Lousis Allen “Management Planning involves the development of forecasts , Objectives, Politics, Programmes , Procedures, Schedules and Budgets”.

3. NATURE OF PLANNING 1. Planning is a basic function of Management 2. Planning is an intellectual process 3. Planning involves Decision-Making 4. Planning is a continuous process 5. Planning must be flexible 6. Planning is an all pervasive function 7. Planning is goal oriented 8. Planning is future oriented 3 Sri Ramakrishna College of Arts and Science Ms. A.Nandhini , Assistant Professor, Dept of BCom CMA,SRCAS.

4. IMPORTANCE OF PLANNING Facilitates Accomplishment of Objectives 2. Ensures Economy in Operations 3. Precedes Control 4. Provide for future contingency 5. Facilitates optimum utilization of resources 6. Pre-requisites for other managerial function 7. All pervasive function 8. Co-ordinates the activities 9. Provides for the Delegation of Authority 4 Sri Ramakrishna College of Arts and Science Ms. A.Nandhini , Assistant Professor, Dept of BCom CMA,SRCAS.

5. CHARACTERISTICS OF PLANNING 1 . It is based on objectives and policies 2. It concerns future activity 3. It is a mental activity 4. It is based on facts (truth ) 5. It pervades all managerial activity 6. It is a primary function of management and has close relationship with controlling 7. It has a dynamic aspect 5 Sri Ramakrishna College of Arts and Science Ms. A.Nandhini , Assistant Professor, Dept of BCom CMA,SRCAS.

6. CHARACTERISTICS OF PLANNING 8. It is directed towards efficiency 9. Precision is the pre-requisite of planning 10. Planning is to be flexible and adaptable 11. Once plan is prepared 12. Planning has close relationship with time 13. Planning involves six basic questions 14. Planning is essentially decision-making 6 Sri Ramakrishna College of Arts and Science Ms. A.Nandhini , Assistant Professor, Dept of BCom CMA,SRCAS.

7. ADVANTAGES OF PLANNING It reduces random and haphazard activity 2. It promotes internal coordination 3. It facilitates control 4. It leads to overall efficiency in the organization 5. It helps in taking care of future activity 7 Sri Ramakrishna College of Arts and Science Ms. A.Nandhini , Assistant Professor, Dept of BCom CMA,SRCAS.

8. LIMITATIONS OF PLANNING 1. Uncertainty 2. Action – Packed routine 3. Abstraction 4. Rigidity 5. Costly 8 Sri Ramakrishna College of Arts and Science Ms. A.Nandhini , Assistant Professor, Dept of BCom CMA,SRCAS.

9. STEPS IN PLANNING OR PROCESS OF PLANNING 1. Being aware of Opportunities 2. Establishing objectives 3. Developing Premises 4. Determining Alternative Courses 5. Evaluating Alternative Courses 6. Formulating Derivative Plans 7. Numberising plans by Budgeting 9 Sri Ramakrishna College of Arts and Science Ms. A.Nandhini , Assistant Professor, Dept of BCom CMA,SRCAS.

10. Classification of Planning Premises 1 . Internal and External. 2. Tangible and Intangible. 3. Controllable, Semi Controllable and Uncontrollable. 4. Constant and Variable and 5. Fore-seeable and Unforeseeable. 10 Sri Ramakrishna College of Arts and Science Ms. A.Nandhini , Assistant Professor, Dept of BCom CMA,SRCAS.

11. TYPES OF PLANNING 1. Long Term Planning 2. Medium Term Planning 3. Short Term Planning 4. Strategic Planning 5. Operational Planning 11 Sri Ramakrishna College of Arts and Science Ms. A.Nandhini , Assistant Professor, Dept of BCom CMA,SRCAS.

12. THANK YOU 12 Sri Ramakrishna College of Arts and Science Ms. A.Nandhini , Assistant Professor, Dept of BCom CMA,SRCAS.