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    This document provides an overview of planning as a management function. It defines planning as deciding in advance what is to be done, where, how, and by whom. Planning involves setting future objectives and determining how to achieve them. The document also outlines key features of planning like being goal-oriented and forward-looking. Additionally, it discusses the importance of planning for minimizing uncertainty, coordinating activities, and improving competitiveness. The various types and steps of planning are defined, along with some limitations to the planning process.

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    This document provides an overview of planning as a management function. It defines planning as deciding in advance what is to be done, where, how, and by whom. Planning involves setting future objectives and determining how to achieve them. The document also outlines key features of planning like being goal-oriented and forward-looking. Additionally, it discusses the importance of planning for minimizing uncertainty, coordinating activities, and improving competitiveness. The various types and steps of planning are defined, along with some limitations to the planning process.

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    37 views10 pages

    Rama Vilasom: Training College

    Uploaded by

    josephjose148578
    This document provides an overview of planning as a management function. It defines planning as deciding in advance what is to be done, where, how, and by whom. Planning involves setting future objectives and determining how to achieve them. The document also outlines key features of planning like being goal-oriented and forward-looking. Additionally, it discusses the importance of planning for minimizing uncertainty, coordinating activities, and improving competitiveness. The various types and steps of planning are defined, along with some limitations to the planning process.

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    © All Rights Reserved
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    of 10

    RAMA VILASOM

    TRAINING COLLEGE
    VALAKOM
    Name : Joseph varghese
    Option: Commerce
    Topic: Planning
    Register number:
    19014341003

    WELCOME

    MEANING
    Planning is deciding in advance what is
    to be done , where, how and by whom it
    is to be done. It is a process which
    involves thinking before doing on the
    basis of it a manager lays down future
    objectives and charts out a course of
    action to achieve them.

    DEFINITION
    Koontz and o Donnell:
    Planning is the selection from
    among alternatives for future
    course of action for the enterprise
    as a whole and each department
    within it

    FEATURES OF PLANNING
    Planning is mental activity
    Planning is goal oriented
    Planning is forward- looking
    Planning ia a primary functions of
    management
    Planning is based on facts
    Planning pervades all managerial activity
    Planning is flexible
    Planning is essentially decision-making
    Planning involves ethical considerations

    IMPORTANCE OF
    PLANNING
    Minimises uncertainty
    Tackling complexities of modern
    business
    Emphasise on objectives
    Promotes co-ordination
    Facilitates control
    Improves competitive strength
    Economical operations
    Encourages innovation

    KINDS OF PLANS
    i. Financial or non- finacial plan
    ii. Formal or informal planning
    iii.Short- range and long-range
    planning
    iv.Standing and adhoc planning
    v. Administrative and operational
    planning

    STEPS IN PLANNING
    1. Setting the objectives
    2. Develop planning premises
    3. Determine alternative course of
    action
    4. Selecting the best alternative
    5. Formulating derivative plans
    6. Implementation of plans
    7. Follow up

    LIMITATIONS
    Costly process
    Time consuming process
    Rigidity
    Influence of external factors
    Limited scope
    Non- availability of data
    Peoples resistance

    THANK YOU

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