Process of planning

Planning Process

1.  Setting Objectives :

The first and foremost step is seting objectives. Objectives may be set for the entire organization and each department

2.  Developing Premises :

Planning premises are the assumptions about the likely shape of events in future. It forecasts the obstacles, problems or limitations in the path of the effective planning because of which the plans may deviate. Planning premises supply relevant facts & information relating to future.

3.  Identifying Alternative Courses Of Action:

Once objectives are set and premises are developed. Then the next step would be to act upon them. All the alternative courses of action should be identified.

4.  Evaluating Alternative Courses :

The next step is to be weigh pros and cons of each alternative. Each course will have many variables which have to be weighed against each other.

5.  Selecting An Alternative :

After comparison and evaluation, the best alternative is chosen for reaching organization objectives. On the basis of merits, demerits, resources and consequences, the best plan has to be adopted, which must be the most feasible, profitable and with best negative consequences.

6.  Implementing the Plan :

Once the plans are developed they are put into action. Successful implementation of the plan ensures understanding and whole-hearted cooperation of all the employees.

7.   Follow up action :

To see whether plans are being implemented, activities are performed according to schedule. In case of any deviations changes are made in the plans.

Q1. Explain Procedures.

Q2. Define Rules.

Q3. Write the meaning of Budgets.

Q4. Write one difference between Policies & Procedure.

Q5. One of the function of management is considered as base for all other functions. Name that function.

Q6. Name the types of plan in which the movement of competitors is considered.