Planning Process and different types of plan.pptx

Planning Process

1. GOALS: Goals are also called as objectives. Goals are desired outcomes or targets. They guide management decisions and form the criteria against which the work results are measured.

2. TYPES OF GOALS: Financial goal Strategic goal

3. Stated goals Real goals

4. “To bring inspiration and innovation to every athlete in the world.”

5. “To be world’s high performance benchmark independent oil and gas company”

6. “To be a global transformation partner”

7. PLANNING PROCESS: Planning is a process which contains number of steps within it. P la n n i n g p r oc e s s d i f f ers f r o m o r g a n izati o n t o o r g a n izati o n a n d from objective to objective. With some minor modifications, process is applied for all types of plans.

8. PLANNING PROCESS:

9. PLANNING PROCESS: 1. Situation analysis: Manager should collate all the information relevant to a given activity for which planning is to made. Should analyze past experience, current trends and future scope. H e l p s t o bri n g th e i s s u e s a n d p r o b l e m s r e la t ed t o acti v ity to light.

10. PLANNING PROCESS: 2. Identification of opportunities: The exact planning starts. Identify the opportunity and carry out SWOT analysis. If the organization gets positive result, it would pass on to next stage, else the opportunity would be dropped.

11. PLANNING PROCESS: 3. Objective setting: Represents the destination of an organization. Objectives of an organization and various departments are fixed. Timeline to finish the objectives are also fixed during this stage.

12. PLANNING PROCESS: 4. Planning premises: D e n o t e s th e ci rc u m s tan c e s u n d e r w h ich th e p l a nn i n g w ill be undertaken. It represents the assumptions that are to be considered.

13. PLANNING PROCESS: 5. Determining alternative course of actions: Requires imagination, foresight and ingenuity. E . g . T o im p r o v e p r o d u c ti v ity a n d o r g a n izati o n can f o c u s on increasing wages or incentives or technology investment, etc.

14. PLANNING PROCESS: 6. Evaluation of alternatives: Analyzing various aspects and results of all the alternatives. Involves micro analysis of all the alternatives.

15. PLANNING PROCESS: 7. Selection of best alternatives: After micro analysis, the best methodology is preferred for to accomplish the goal of an organization.

16. PLANNING PROCESS: 8. Derivative plans: O r g a n izati o n h a v e t o th i n k ab o u t se c o n d a r y o r s u b p l a n s to accomplish. E.g. If an organization prefers to provide transport facility instead of outsourcing, then it have to think about financial burden, etc.

17. PLANNING PROCESS: 9. Implementation of plans: Communicating plan to all employees and providing instructions. Deploying facilities like raw materials, man power, machinery, etc. L i n king im pl e m e n ta t i o n w ith r e w ar d s y s t e m a n d e n s u ri n g execution.

18. PLANNING PROCESS: 10. Follow up: Monitoring the consequences o f im pl e m e n ta t i o n , s o th a t necessary corrective actions can be to fine tune the plan.

19. PLANNING TYPES: