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Foundations of Planning: Drchvvsnvprasad Assistant Professor in Management Bits Pilani, K K Birla Goa Campus
Foundations of Planning: Drchvvsnvprasad Assistant Professor in Management Bits Pilani, K K Birla Goa Campus
Dr Ch V V S N V Prasad
Assistant Professor in Management
BITS Pilani, K K Birla Goa Campus
Learning Outcomes
7.1 The What And Why Of Planning
Define planning.
Describe the purposes of planning.
Relationship between planning and performance.
7.2 Goals And Plans
Define goals and plans.
Describe the types of goals.
Describe the types of plans.
Formal planning
Specific goals covering a specific time period
Written and shared with organizational members
PEVA ZC211 Principles of
4/10/17 4
Management
Why Do Managers Plan?
Purposes of Planning
Provides direction
Reduces uncertainty
Minimizes waste and redundancy
Sets the standards for controlling
What Gets measured gets Done. Identify a goal with measurable progress, so
Measurable you can see the change occur.
Goals you set should have stretch targets that makes you step out of your
Attainable Comfort Zone
Realistic means do-able. It means that the learning curve is not a vertical
Realistic slope; that the skills needed to do the work are available. (RELEVANT
GOALS). How can you attain your Goal
Putting an end point on your goal gives you a clear target to work towards.
Time Bound