Planning process, types of planning

This presentation discusses about planning process, types of planning in Principles of Management

1. PLANNING PROCESS,
TYPES OF PLANNING
R.Arun Kumar, AP/Mech, RIT

2. 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.
R.Arun Kumar, AP/Mech, RIT

3. TYPES OF GOALS:
Financial goal
Strategic goal
R.Arun Kumar, AP/Mech, RIT

4. Stated goals
Real goals
R.Arun Kumar, AP/Mech, RIT

5. “To bring inspiration and innovation to every athlete in the
world.”
R.Arun Kumar, AP/Mech, RIT

6. “To be world’s high performance benchmark independent oil
and gas company”
R.Arun Kumar, AP/Mech, RIT

7. “To be a global transformation partner”
R.Arun Kumar, AP/Mech, RIT

8. PLANNING PROCESS:
Planning is a process which contains number of steps within it.
Planning process differs from organization to organization and
from objective to objective.
With some minor modifications, process is applied for all types of
plans.
R.Arun Kumar, AP/Mech, RIT

9. PLANNING PROCESS:
R.Arun Kumar, AP/Mech, RIT

10. 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.
Helps to bring the issues and problems related to activity to
light.
R.Arun Kumar, AP/Mech, RIT

11. 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.
R.Arun Kumar, AP/Mech, RIT

12. 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.
R.Arun Kumar, AP/Mech, RIT

13. PLANNING PROCESS:
4. Planning premises:
Denotes the circumstances under which the planning will be
undertaken.
It represents the assumptions that are to be considered.
R.Arun Kumar, AP/Mech, RIT

14. PLANNING PROCESS:
5. Determining alternative course of actions:
Requires imagination, foresight and ingenuity.
E.g. To improve productivity and organization can focus on
increasing wages or incentives or technology investment, etc.
R.Arun Kumar, AP/Mech, RIT

15. PLANNING PROCESS:
6. Evaluation of alternatives:
Analyzing various aspects and results of all the alternatives.
Involves micro analysis of all the alternatives.
R.Arun Kumar, AP/Mech, RIT

16. PLANNING PROCESS:
7. Selection of best alternatives:
After micro analysis, the best methodology is preferred for to
accomplish the goal of an organization.
R.Arun Kumar, AP/Mech, RIT

17. PLANNING PROCESS:
8. Derivative plans:
Organization have to think about secondary or sub plans to
accomplish.
E.g. If an organization prefers to provide transport facility instead
of outsourcing, then it have to think about financial burden, etc.
R.Arun Kumar, AP/Mech, RIT

18. PLANNING PROCESS:
9. Implementation of plans:
Communicating plan to all employees and providing instructions.
Deploying facilities like raw materials, man power, machinery,
etc.
Linking implementation with reward system and ensuring
execution.
R.Arun Kumar, AP/Mech, RIT

19. PLANNING PROCESS:
10. Follow up:
Monitoring the consequences of implementation, so that
necessary corrective actions can be to fine tune the plan.
R.Arun Kumar, AP/Mech, RIT

20. PLANNING TYPES:

R.Arun Kumar, AP/Mech, RIT