Aleah Mundas.

BSOA 1A-2

Definition of planning

Planning is the function of management that involves setting objectives and determining a
course of action for achieving those objectives. Planning requires that managers be aware of
environmental conditions facing their organization and forecast future conditions

Nature of planning

Planning is an intellectual activity- to decide the things to be done in future. It involves use
of .Mental skills for the achievement of group objective Planning involves selection among alternative.
Planning is a choice activity planning process Involves mining of alternatives in selection of the best
alternative

Major types of Planning

Operational Planning-It is the kind of planning required for day-to-day activities. Organizations use such
kind of planning with extreme detail to clearly identifying the who, what, when, where and why of all
parties involved.

Strategic Planning- is used in light of achieving big goals in the long term. It is more of a high-level
planning done by the top-level managers in the organization

Tactical Planning -refers to task prioritization for achieving short term goals. Such planning helps
achieve those goals as prescribed in a strategic plan

Contingency Planning- Also known as ‘special planning’, it is used for situations when changes cannot be
foreseen. It is that ‘what if’ scenario that a business manager needs to consider so that the company
does not face losses. That ‘what if’ scenario can be loss of data in a data security firm, failed product in
the market, etc.