Planning is the fundamental function of management. It is the process of deciding the objectives in the future and what to do in order to achieve those objectives. It is directly concerned with the future implication of current decisions.

 

Planning is the decision in advance what is to be done. When a manager plans , he projects a course of action for the future, attempting to achieve a consistent , coordinated structure of operation aimed at desired result.

 

Nature of planning

Planning as a management 2

Planning is looking into the future and it includes forecasting decision making with one’s eye on the future . planning is thus , not simply an attempt to predict the future it is also an attempt to control it. 

 

Planning precedes all other functions, it is a continuous thinking function, a project of crores of Rupees be given as nothing more than a dream in the mind of the planner.

 

Planning is the first function of management and it is followed by the other operator function of organising staffing, directing and controlling for which the planning process Lays down the objective policies, procedures , programs and rules.

Planning as a management 3

planning is a conscious process of determining in advance the future course of action and to attain the predetermined objective efficiently and economically.

 

Planning is function of every manager and important role in every department and at every level of management

 

An activity Which has sufficient scope for advertisement and flexibility in accordance with the needs of changing situation and environment can be termed as a dynamic function, so is the planning function.

 

 A manager has to plan before starting a new business. He has to plan When Everything changes and the need for planning arises even when he is to close down a project . 

 

Important of planning

Planning as a management 4

To focus attention on objectives

To minimise risk and uncertainty

To help in coordination

To ensure proper allocation and utilisation of resources

To economize in operations

To develop new products and technologies

To help in control

 

 

Principle of planning

 

Principle of meaningful objective

Principle of primacy of planning

Principle of planning premises

Principle of rational process reasonableReliance on experience

Principle of Communication

Adequate control technique

Principle of competing strategies

Principle of economy

 

What are the steps we measure during planning process

 

The steps in the planning process may differ from plan to plan and from organisation to organisation.

 

Preparation of opportunity

Collection of necessary information

Establishing objectives

Planning premises

Plans by budgeting

Establishing sequence of activities

Formulating derivative plans

Selecting the best possible alternative

Evaluation of alternatives

Identification of alternatives

 

 

What are the benefits we get from a strategic planning

Planning as a management 5

Strategic planning serves a variety of purpose in organisation including to

 

Clearly define the purpose of the organisation Even to establish realistic goals and objectives consistent with the mission in a definite time frame within the organisation’s capacity for implementation.

 

Develop a sense of ownership of the plan

 

Ensure that the most effective use is made of organisations resources by focusing the resources on the key priority.

 

 

 

With Great Respect

Thank you for Reading 

Luv Sarpal 

 

 

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