2. GOALS:
ï Goals are also called as objectives.
ï Goals are desired outcomes or targets.
ï They guide management decisions and form the criteria against
which the work results are measured.
R.ArunKumar,AP/Mech,RIT
5. âTo bring inspiration and innovation to every athlete in the
world.â
R.ArunKumar,AP/Mech,RIT
6. âTo be worldâs high performance benchmark independent oil
and gas companyâ
R.ArunKumar,AP/Mech,RIT
7. âTo be a global transformation partnerâ
R.ArunKumar,AP/Mech,RIT
8. PLANNING PROCESS:
ï Planning is a process which contains number of steps within it.
ï Planning process differs from organization to organization and
from objective to objective.
ï With some minor modifications, process is applied for all types of
plans.
R.ArunKumar,AP/Mech,RIT
10. PLANNING PROCESS:
1. Situation analysis:
ï Manager should collate all the information relevant to a given
activity for which planning is to made.
ï Should analyze past experience, current trends and future scope.
ï Helps to bring the issues and problems related to activity to
light.
R.ArunKumar,AP/Mech,RIT
11. PLANNING PROCESS:
2. Identification of opportunities:
ï The exact planning starts.
ï Identify the opportunity and carry out SWOT analysis.
ï If the organization gets positive result, it would pass on to next
stage, else the opportunity would be dropped.
R.ArunKumar,AP/Mech,RIT
12. PLANNING PROCESS:
3. Objective setting:
ï Represents the destination of an organization.
ï Objectives of an organization and various departments are fixed.
ï Timeline to finish the objectives are also fixed during this stage.
R.ArunKumar,AP/Mech,RIT
13. PLANNING PROCESS:
4. Planning premises:
ï Denotes the circumstances under which the planning will be
undertaken.
ï It represents the assumptions that are to be considered.
R.ArunKumar,AP/Mech,RIT
14. PLANNING PROCESS:
5. Determining alternative course of actions:
ï Requires imagination, foresight and ingenuity.
ï E.g. To improve productivity and organization can focus on
increasing wages or incentives or technology investment, etc.
R.ArunKumar,AP/Mech,RIT
15. PLANNING PROCESS:
6. Evaluation of alternatives:
ï Analyzing various aspects and results of all the alternatives.
ï Involves micro analysis of all the alternatives.
R.ArunKumar,AP/Mech,RIT
16. PLANNING PROCESS:
7. Selection of best alternatives:
ï After micro analysis, the best methodology is preferred for to
accomplish the goal of an organization.
R.ArunKumar,AP/Mech,RIT
17. PLANNING PROCESS:
8. Derivative plans:
ï Organization have to think about secondary or sub plans to
accomplish.
ï E.g. If an organization prefers to provide transport facility instead
of outsourcing, then it have to think about financial burden, etc.
R.ArunKumar,AP/Mech,RIT
18. PLANNING PROCESS:
9. Implementation of plans:
ï Communicating plan to all employees and providing instructions.
ï Deploying facilities like raw materials, man power, machinery,
etc.
ï Linking implementation with reward system and ensuring
execution.
R.ArunKumar,AP/Mech,RIT
19. PLANNING PROCESS:
10. Follow up:
ï Monitoring the consequences of implementation, so that
necessary corrective actions can be to fine tune the plan.
R.ArunKumar,AP/Mech,RIT