Name of Institution

Amity Business School

BBA Sem-I
Management Foundation
Name of Faculty
Dr. Preeti Yadav 1
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Planning
Definitions of Planning
 In his definition of planning, Peter Drucker offers a
holistic view about this term.
 "Planning is a continuous process of making present
entrepreneurial decisions systematically and with best
possible knowledge of their futurity, organizing
systematically the efforts needed to carry out these
decisions and measuring the results against
expectations through feedback systems.

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Nature of Planning
 Goal-oriented
 Primary functions
 All pervasive
 Futuristic
 Continuous process
 Integrated process
 Choice

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Significance of Planning
 Planning focuses attention on objectives
 Offsets uncertainty and risk
 Direction
 Provides guidelines
 Increases organizational effectiveness
 Better coordination
 Facilitates control

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 Scope of Planning Name of Institution

Scope of planning defines boundaries and

deliverables, which are established to
ensure that your expectations are
understood and achievable. 'What' and
'how much' will be done are specified in
this activity, underscoring our commitment
to you.

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Types of Plans
Plans can be classified in a number of ways on the basis
of:
 Organization level : strategic, and operational plans.
 Frequency of use : single use plans and standing plans.
 Time frame : short-term, medium-term and long-term
plans.

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Limitations of Planning
 Lack of accurate information
 Time consuming
 Expensive
 Inflexibility
 Resistance to change
 Environmental constraints
 Lack of ability and commitment
 Insecure
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Purpose of Planning
• Reducing Risk
• Reducing Uncertainty
• Supporting Better Decision Making
• Establishing Trust (Custumers)
• Conveying Information