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Planning Process

Planning is defined as the selection and relating of facts and assumptions about the future to envision and develop proposed activities to achieve desired results. The process of planning involves 8 steps: 1) perceiving opportunities, 2) establishing objectives, 3) identifying planning premises, 4) identifying alternatives, 5) evaluating alternatives, 6) choosing alternatives, 7) formulating supporting plans, and 8) establishing the sequence of activities. The key aspects of each step are then described in further detail.

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1K views7 pages

Planning Process

Planning is defined as the selection and relating of facts and assumptions about the future to envision and develop proposed activities to achieve desired results. The process of planning involves 8 steps: 1) perceiving opportunities, 2) establishing objectives, 3) identifying planning premises, 4) identifying alternatives, 5) evaluating alternatives, 6) choosing alternatives, 7) formulating supporting plans, and 8) establishing the sequence of activities. The key aspects of each step are then described in further detail.

Uploaded by

9937698495
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Definition of Planning

TERRY has defined “Planning is the


selection and relating of facts and making
and using of assumptions regarding future
in the visualization and formulation of
proposed activity believed necessary to
achieve desired results.”
Process of Planning
[Link] of opportunities
[Link] objectives
[Link] premises
[Link] of alternatives
[Link] of alternatives
[Link] of alternative plans
[Link] of supporting plans
[Link] sequence of activities
Perception of opportunities Establishing objective Planning premises

Choice of alternative plans Evaluation of alternatives Identification of alternatives

ormulation of supportingEstablishing
plans sequence of activities
The explanation of the following points are as follow :

1. Perception of Opportunities :
It includes a preliminary look at possible
opportunities and the ability to see them clearly and
completely, a knowledge of where the organization stands in
the light of its strengths and weaknesses, an understanding
of why the organization wants to solve uncertainties, and a
vision of what it expects to gain.

2. Establishing Objective:
The objective should be specified before starting the
business, its should be a clear idea what’s we are going to
achieve in a future.
3. Planning premises:
It mean a planning assumptions, the expected
environment and internal conditions. Thus, planning
premises are external and internal. In externalits include
political, social, technological, competitors’ plans and
actions, govt. policies etc. internal factors includes
organization's policies , resources of various types, etc

4. Identification of Alternatives:
There are various alternative you have to identify
the alternative which meet the requirement of your
objective.
5. Evaluation of Alternatives:
After the identification of the various alternative you
have to evaluate how each alternative contributes to the
organisational objectives in the light of its resources and
constraints, because every alternative have certain
positive and certain negative points.

6. Choice of Alternative:
After evaluation of various alternatives, which
alternative most fit with the organisational objective. Some
time evaluation shows more than one alternative is equally
good. In that case they choose more than one alternative
because future is uncertain, therefore planner is ready with
the another alternative.
7. Formulation of Supporting Plans:
After formulating the basic plan, various plans are
derived so as to support the main plan. In an organisation
there can be various derivative plans like planning for
buying equipments, buying raw materials, recruiting and
training personnel, developing new product, etc.

8. Establishing sequence of Activities:


After formulating basic and derivative plans, the
sequence of activities is determined so that plans are put
into action. Based on plans at various levels, it can be
decided who will do what and at what time. Budgets for
various periods can be prepared.

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