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Introduction

Introduction

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Published by fiiza

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Published by: fiiza on Feb 25, 2010
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10/24/2011

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11
Introduction
 
 
INTRODUCTION
One of the most challenging tasks of a business may be organizing the people who perform its work. A business may begin with one person doing all the necessary tasks. Asthe business becomes successful and grows, however, there is generally more work, andmore people are needed to perform various tasks. Through this division of work,individuals can become specialists at a specific job. Because there are several peopleoften in different locations working toward a common objective, there must be a planshowing how the work will be organized so that it may be arranged systematically.
Plan:
A plan is typically any procedure used to achieve anobjective.It is a set of intendedactions, through which one expects to achieve agoal.A plan should be a realistic view of the expectations. Depending upon the activities, a plan can be long range, intermediate range or short range. It is the framework withinwhich it must operate. For management seeking external support, the plan is the mostimportant document and key to growth. Preparation of a comprehensive plan will notguarantee success, but lack of a sound plan will almost certainly ensure failure.
Types:
1
-Formal
2
-informal
Structured and formal plans :
It is used by multiple people and is more likely to occur in projects,diplomacy,careers, economic development,militarycampaigns,combat, or in the conduct of other  business. In most cases, the absence of a well-laid plan can have adverse effects: For example, anon-robust project plan can cost the organization time and money.2
 
 
Unstructured or Informal plans:
Informal or ad-hocplans are created by individuals in all of their pursuits.
Purpose of Plan:
As no organizations is alike, so also their plans. It is therefore important to prepare a plankeeping in view the necessities of the enterprise. A plan is an important aspect of  business. It serves the following three critical functions:
Helps management to clarify, focus, and research their business's or project'sdevelopment and prospects.
Provides a considered and logical framework within which a business can developand pursue business strategies over the next three to five years.
Offers a benchmark against which actual performance can be measured andreviewed.
Planning:
Planning inorganizationsandpublic policyis both the organizational process of creating and maintaining a plan; and the psychological process of thinkingabout the activities required to create a desired goal on some scale. As such, it is a fundamental property of intelligent behavior.This thought process is essential to the creation and refinement of a plan, or integration of it with other plans, that is, it combinesforecastingof developments with the preparation of scenarios of how to react to them.The term is also used to describe the formal procedures used in such an endeavor, such asthe creation of documents diagrams, or meetings to discuss the important issues to beaddressed, the objectives to be met, and the strategy to be followed. Beyond this,3

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