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  • Define Planning and Its Steps

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    Kenneth John
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    1. Planning is one of the key functions of an enterprise owner and involves environmental scanning, establishing objectives, identifying alternative courses of action, evaluating alternatives, and deciding on the best course. 2. There are three main types of planning according to range: tactical planning which is intermediate-range, strategic planning which is long-range, and operational planning which is short-range. 3. If a manager does not plan effectively, it can lead to confusion over goals and objectives, failure to achieve goals, and lack of preparation for implementation. Effective planning is important for efficiency, productivity, and achieving objectives.

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    Jytj

    Original Title

    1.-DEFINE-PLANNING-AND-ITS-STEPS

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    1. Planning is one of the key functions of an enterprise owner and involves environmental scanning, establishing objectives, identifying alternative courses of action, evaluating alternatives, and deciding on the best course. 2. There are three main types of planning according to range: tactical planning which is intermediate-range, strategic planning which is long-range, and operational planning which is short-range. 3. If a manager does not plan effectively, it can lead to confusion over goals and objectives, failure to achieve goals, and lack of preparation for implementation. Effective planning is important for efficiency, productivity, and achieving objectives.

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    10 views18 pages

    Define Planning and Its Steps

    Uploaded by

    Kenneth John
    1. Planning is one of the key functions of an enterprise owner and involves environmental scanning, establishing objectives, identifying alternative courses of action, evaluating alternatives, and deciding on the best course. 2. There are three main types of planning according to range: tactical planning which is intermediate-range, strategic planning which is long-range, and operational planning which is short-range. 3. If a manager does not plan effectively, it can lead to confusion over goals and objectives, failure to achieve goals, and lack of preparation for implementation. Effective planning is important for efficiency, productivity, and achieving objectives.

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    of 18

    (DUTIES AND

    FUNCTIONS OF AN
    ENTERPRISE OWNER)
    Imagine your classroom
    without the teacher or
    without anybody who will
    lead the group.
    What will be the
    classroom scenario?
    OBJECTIVES
    1. Define PLANNING as one of the
    functions of an enterprise owner.
    2. Discuss the steps involve in
    planning
    3. Give the different types of planning
    according to the period/range
    PLANNING
    First function of
    the business
    owners /
    managers
    PLANNING
    Include all the activities that
    lead to the definition of
    objectives and to the
    determination of appropriate
    course of action to achieve
    those objective
    STEPS IN PLANNING
    1. Environmental
    scanning 4. Evaluating various
    2. Establishing alternatives
    objectives
    3. Identifying 5. Making decisions
    alternative about the best
    course of action course of action
    STEPS IN PLANNING
    1.
    Environmental Conduct investigation
    scanning /survey if the business
    is possible to do on a
    target time and place
    STEPS IN PLANNING

    2. Establishing Setting goals


    objectives on what to
    achieve
    and how to
    achieve it.
    STEPS IN PLANNING

    3. Identifying List down all things


    alternative
    to do prior to the
    course of action
    implementation of
    your
    objectives/goals
    STEPS IN PLANNING
    4. Evaluating
    various Check and assess
    alternatives each possible
    action whether it is
    appropriate for
    achieving your
    goal
    STEPS IN PLANNING
    5. Making
    decisions about
    the best course of Decide with the
    action best solution and
    implement what
    has been
    planned.
    WHY PLANNING IS
    IMPORTANT?
    ❑Failing
    to identify the goals lead
    to confusion and oftentimes
    PLANNING IS A FAILURE!
    WHY PLANNING IS
    IMPORTANT?
    The OWNER /MANAGER
    who effectively plans
    will result to efficiency
    and productivity
    WHAT WILL HAPPEN IF THE
    MANAGER DID NOT KNOW
    HOW TO PLAN EFFECTIVELY?
    Disorientation of
    what to do first
    and what to do
    after
    Fail to achieve
    the goal
    Confuse on where
    are they
    leading ! Not prepare for the
    implementation
    TYPES OF PLANNING
    ACCORDING TO RANGE
    INTERMEDIATE-
    1. TACTICAL
    RANGE
    2. STRATEGIC LONG-RANGE

    3. OPERATIONAL SHORT- RANGE


    THINK YOU!

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