NATURE PURPOSE AND FRAMEWORK OF PLANNING

PRESENTED TO :PROF.KESHAV SHARMA

MOHD. SHAHBAZ 13_MBA_2007

BIBLIOGRAPHY  

www.time-management-guide.com
PRINCIPLES OF BUSINESS MANAGEMENT :± KALYANI PUBLISHERS(R.S.GUPTA,B.D.SHARMA & N.S.BHALLA) COMPREHENSIVE BUSINESS STUDIES :- LAXMI PUBLICATIONS(S.A.SIDDIQUI) ESSENTIALS OF MANAGEMENT :- KOONTZ AND WEIHRICH 



PLANNING
´PLANNING IS DECIDING THE BEST ALTERNATIVE AMONG OTHERS TO PERFORM DIFFERENT MANAGERIAL OPERATIONS IN ORDER TO ACHIEVE THE PREDETERMINED GOAL.µ ± HENRY FAYOL ´PLANNING IS DECIDING IN ADVANCE,WHAT TO DO,HOW TO DO IT,WHEN TO DO IT,AND WHO IS TO DO IT.µ ± KOONTZ & O¶DONNELL ´A plan is like a map. When following a plan, you can always see how much you have progressed towards your project goal and how far you are from your destination. Knowing where you are is essential for making good decisions on where to go or what to do next.µ - http://www.time-management-guide.com/planning.html

THE PROBLEMS OF PLANNING SITUATION ARE RIGHTLY INDICATED BY RUDYARD KIPLING IN THE FOLLOWING WORDS :

³I KEEP SIX HONEST SERVING MEN, THEY TAUGHT ME ALL I KNOW. THEIR NAMES ARE WHAT,WHERE AND WHEN, AND HOW AND WHY AND WHO.´ IT SHOWS THAT PLANNING IS CONCERNED WITH THE FOLLOWING :
1. WHAT IS TO BE DONE ? 2. WHERE IS IT TO BE DONE ? 3. WHEN IS IT TO BE DONE ? 4. HOW IS IT TO BE DONE ? 5. WHY IS IT TO BE DONE ? 6. WHO IS TO DO IT ?

NATURE OF PLANNING
1. 2. 3. 4. 5. 6.

PLANNING IS AN INTELLECTUAL PROCESS. PLANNING IS GOAL ORIENTED. PLANNING IS THE PRIMARY FUNCTION OF MANAGEMENT. PLANNING IS SELECTIVE IN NATURE. PLANNING IS ALWAYS FORWARD LOOKING. PLANNING PERVADES ALL MANAGERIAL ACTIVITIES.

PERVASIVE NATURE OF PLANNING
PLANNING

CONTROLLING

ORGANISING

PLANNING

DIRECTING

STAFFING

NATURE OF PLANNING
7.

8. 9. 10.

PLANNING DOES NOT ELIMINATE FUTURE RISKS,BUT ENABLES TO FACE IT. PLANNING FOCUSES ON OBJECTIVES. PLANNING IS A CONTINOUS PROCESS. PLANNING IS DYNAMIC(FLEXIBLE) IN NATURE.

PLANNING PROCESS
SETTING OBJECTIVES CONTROLLING THE PLAN

PLANNING PREMISES

COMMUNICATION OF PLAN

COLLECTION,ANALYSIS & CLASSIFICATION OF DATA COURSE OF ACTION
DEVELOPING ALTERNATIVES EVALUATING ALTERNATIVES

FORMATION OF DERIVATIVE PLANS

SELECT A PLAN

PURPOSE OF PLANNING
ACHIEVING BUSINESS OBJECTIVES  REDUCING FUTURE UNCERTAINITIES  BEST POSSIBLE USE OF RESOURCES  EFFECTIVE CO-ORDINATION  FACILITATE DECISION MAKING  DEVELOPMENT AND EXPANSION  EFFECTIVE ORGANISATION AND CONTROL 

FRAMEWORK OF PLANNING 
     

PRINCIPLE OF CONTRIBUTION TO OBJECTIVES PRINCIPLE OF LIMITING FACTORS PRINCIPLE OF FLEXIBILITY PRINCIPLE OF COMMUNICATION PRINCIPLE OF COMPETING STRATEGIES PRINCIPLE OF ADEQUATE CONTROL TECHNIQUES PRINCIPLE OF COST BENEFIT ANALYSIS

ESSENTIALS OF A GOOD PLAN 
     

IT SHOULD DEFINE OBJECTIVES IT SHOULD BE SIMPLE & CLEAR IT SHOULD BE COMPREHENSIVE IT SHOULD BE FLEXIBLE IT SHOULD BE ECONOMICAL IT SHOULD ESTABLISH STANDARDS IT SHOULD BE PRACTICAL

CORPORATE EXAMPLES
MARUTI SUZUKI  

 

MARUTI SUZUKI will pay 24 per cent interest on waiting period beyond 16 days for its popular SX4 and Swift car models. The booking amount for both the models is up to Rs 50,000. The waiting period for these cars goes up to eight weeks. The capacity of the production plant(which is currently 1,00,000 cars) is going to be 3,00,000 cars per year by the end of 2008.

THANK YOU

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