2. SYLLABUS
Nature and purpose of planning – planning process – types of
planning – objectives – setting objectives – policies – Planning
premises – Strategic Management – Planning Tools and Techniques
– Decision making steps and process.
R.ArunKumar,AP/Mech,RIT
3. Objective:
To study different types of planning, its tools and techniques.
Outcome:
The student will be able to explain the different types of
planning process and tools used for planning.
R.ArunKumar,AP/Mech,RIT
4. NATURE AND PURPOSE OF PLANNING:
Planning is the most basic form of all management functions.
Everyone used to plan in our day to day activities.
We plan to execute our official work, improvise career, plan our
investment, etc.
R.ArunKumar,AP/Mech,RIT
6. Planning involves defining the organizations' goals,
establishing strategies for achieving those goals and
developing plans to integrate and coordinate work
activities.
R.ArunKumar,AP/Mech,RIT
7. Planning is deciding in advance what to do, how to do it, when
to do it, and who is to do it.
Planning bridges the gap from where we are to where we
want to go.
It makes it possible for things to occur which would not otherwise
happen.
- Harold Koontz and Cyril O’Donell
R.ArunKumar,AP/Mech,RIT
8. In formal planning, specific goals covering a specific period of
time are defined.
Shared among all the members of an organization to reduce
uncertainty and create common understanding about what need
to be done.
R.ArunKumar,AP/Mech,RIT
9. NATURE OF PLANNING:
1. Pervasiveness:
Occurs irrespective of level of management. Every manager
has a planning function to perform.
R.ArunKumar,AP/Mech,RIT
10. NATURE OF PLANNING:
2. Primary in nature:
Precedes other functions of an organization.
Without planning other functions of an organization becomes
meaningless.
R.ArunKumar,AP/Mech,RIT
11. NATURE OF PLANNING:
3. Continuous in nature:
Never ending activity.
R.ArunKumar,AP/Mech,RIT
12. NATURE OF PLANNING:
4. Flexible in nature:
Future is unpredictable, thus planning must provide enough
room to cope with the changes in global market.
R.ArunKumar,AP/Mech,RIT
13. NATURE OF PLANNING:
5. Goal oriented:
Carried out to attain the objective of an organization.
Provides guidelines for attaining goals.
R.ArunKumar,AP/Mech,RIT
14. NATURE OF PLANNING:
6. Integrated process:
Integrates the plans and actions of a manager.
R.ArunKumar,AP/Mech,RIT
15. NATURE OF PLANNING:
7. Forward looking:
Without planning, business become random in nature.
R.ArunKumar,AP/Mech,RIT