Concept of Planning

Presenter:
Presented To:
Adarsh Bhardwaj
Dr. Anurag Singh
Table of Content

1) What is Planning?
2) Importance of Planning
3) Features of Planning
4) Planning Process
5) Types of Plans
6) Limitations of Planning
What is Planning?

● Planning means setting objectives and targets and formulating an action plan
to achieve them.
● Planning is deciding in advance what to do and how to do.
● Planning seeks to bridge the gap between where we are and where we want
to go.
● Planning provides a rational approach for achieving predetermined objectives.
Importance of Planning

● Planning provides directions

● Planning reduces the risks of uncertainty
● Planning reduces overlapping and wasteful activities
● Planning promotes innovative ideas
● Planning facilitates decision making
● Planning establishes standards for controlling
Features of Planning

● Planning focuses on achieving objectives

● Planning is a primary function of management
● Planning is pervasive
● Planning is continuous
● Planning is futuristic
● Planning involves decision making
● Planning is a mental exercise
Planning Process
Planning is the process of thinking about the activities required to achieve a
desired goal. It is the first and foremost activity to achieve desired results. It
involves the creation and maintenance of a plan, such as psychological
aspects that require conceptual skills.
● Steps in Planning Process:
○ Setting Objectives
○ Developing Planning Premises
○ Identifying Alternative Courses of Action
○ Evaluating Alternative Course of Action
○ Selecting One Best Alternative
○ Implementing the Plan
○ Follow Up Action
Types of Plans

● Strategic plans
● Tactical plans
● Operational Plans
● Contingency Plans
Limitations of Planning

● Planning Creates Rigidity

● Planning Does Not Work in a Dynamic Environment
● Planning Reduces Creativity
● Planning Involves Huge Costs
● Planning is a Time-consuming Process
● Planning Does Not Guarantee Success