Planning in layman terms is the process of thinking about and organizing the activities or steps required to achieve the desired results. Planning has a specific process and is necessary for fields like business and management. Planning is preparing of sequence of action steps to achieve a pre-set goal, therefore planning is an important task in project management.
Planning is basic management function which involves preparation of more than one detailed plans to achieve maximum balance of needs and demands with the available resources. The planning process ascertains the goals and objectives to be achieved, conceptualise strategies to achieve those goals and objectives, arranges the means required to put the plan in work and implement, directs
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Short-sightedness: Short-sightedness is a barrier to effective planning when managers focus on day to day operations of the organization rather than focussing on the broader, long-term objectives.
3. Negativity: Another obstacle to effective planning is he negativity in the minds of executive management. The lack of positive ideas and suggestions for the future can hamper the process of planning and eventually threaten to stop it altogether.
4. Communication: The inability to communicate goals and objectives can jeopardize the planning process. Communication obstacles can come from language or cultural differences, or poor communication skills of the policy maker.
5. Poor leadership: Insecure and instable leaders are a roadblock in the planning process. A leader who cannot be approached by his employees will be incapable of collecting ideas that are essential for planning.
6. Lack of creativity: Creativity is one of the most important traits of a successful business organization, a business model can be relevant for years but it has to be creatively evolving over the time. The organizations that cannot incorporate creativity cannot incorporate planning.
1.1.4 Planning Premises
a)
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Demand of products
2. Tangible and intangible premises: Tangible premises are quantitative in nature and can be measured and intangible premises are qualitative in nature and cannot be measured. For example, population growth, industry demand and the investment made in the company are all tangible premises. Political and sociological factors, business and economic conditions, and behaviour of the owners of the organization are all intangible premises.
3. Controllable and non-controllable premises: Some planning premises are controllable and some are non-controllable. Controllable factors are those that does not disrupt the well-laid out calculations of the organization and they can be contained with ease. For example, advertising policy, executive management, labour force skill and availability of resources. Uncontrollable factors are those which force the management to revise the plans at intervals in accordance with the current scenario. For example, man-made and natural calamities, government policies and economic conditions.
1.1.5 Business
Planning: The process of anticipating future events and conditions and determining the best way to achieve organizational objectives. Marketing Planning:
Planning is the process of setting goals and creating a plan for meeting those goals. The benefits of planning as seen by the research evidence is firstly, it provides a team with a direction for future actions. For example, in my team we did not have a direction on how to proceed thorough each stage, if it was better to move up or down, which made our team members losing interest. Furthermore, planning helps when there is a problem, because if we had a plan we can proactively address problems and their impact on the project or goal is reduced. For instance, a problem in our Everest simulation was when of our team members health was critical or if someone wanted to complete an individual goal, we spent a lot of time discussing on what to do
“Organizational Management and Leadership” defines planning as “the development of goals, which leads to the development of an overall strategy for achieving those goals. Planning can be performed at all levels of an organization. Supervisors are planning when a weekly work schedule is put together for hourly staff. Top executives are planning when they define the mission statement of the company and determine how the organization can maintain its competitive advantage.”
Planning: is the ability to manage the functions of an organization and take decisions that will bring good results in the present and the future, of the organization. It is the management decision-making of the goals to develop a good organization.
Planning is the foundation of all the functions of management upon which the other three areas should be built. During planning, management must evaluate the company’s current situation and then developing strategies to achieve these goals, this is called strategic planning.
Planning is defined as choosing a goal and developing a strategy to attain that goal.
Planning is a technical and political process concerned with the orderly growth and development of communities; use of land; protection and use of natural resource; public welfare; and the design of the urban environment, including air, water, and infrastructure passing in and out of communities such as transportation and communications. Typically the planning process involves
What is the Planning Fallacy? The planning fallacy falsely estimates how much we can actually accomplish. The fallacy is rooted behind false confidence, and mistakes that sometimes go unacknowledged. Because of that, the person, along with their high self esteem, makes predictions based on false evidence then fails. An individual wants a certain outcome and knows they will get to that end goal, but still manages to refuse reality and forget to take into consideration the larger picture. For example a person who’s moving to a new home might estimate that it will only take a day or two to pack their belongings. In reality it takes a week to a month; he or she predicted it will take less time and energy.
One of the major mistakes that people have when they are building or enhancing a company. Companies tend over engineer and focus too much about how something is planned rather than how to execute and perform. Issues such as becoming too data driven, relaxed in business, CEO drives the process, poor materials, performance consequences, issues in related systems, and
The planning process is important in establishing specific goals and tasks, then prioritize them according to their importance and identifying the available resources necessary for achieving the goals set. Strategic planning is vital because it provides a sense of direction and is a roadmap for success. One of the most outstanding qualities of General Grant was his ability to plan and as the General-in-chief, his first action was to develop a plan on how to destroy General Robert E. Lee’s army of Northern Virginia.
2. Good execution ability. A business set a clear goal, but ignored the company's real ability to overestimate their own level, all the thought of too good. Consider the worst results, and thus develop a series of response measures, which can open up the road to business success, rather than a way to go in the end, a good business needs strategic
The third error is leaders lacking a vision. A successful transformation according to Kotter requires “a picture of the future that is relatively easy to communicate and appeals to customers, stockholders, and employees.” A vision clarifies the direction of the company and helps to create motivation. The fourth error is then undercommunicating the vision by a factor of ten. In other words, Kotter suggests leaders must use every opportunity possible to communicate the new vision and strategies to the entire organization. This is followed by the fifth error of leaders not removing obstacles to the new vision. Organizations should allow members to make changes to their areas of involvement. People need to be empowered in order to be part of the process (Kotter).
Planning provides a guideline for the members of an organisation to carry out their tasks according to the set objectives. The absence of planning can create ambiguity within the organisation.
Planning is a process of establishing a mission with clear goals as a means to achieve them. Good planning requires special skills and perspectives allowing decision-makers to understand the challenges they are facing and apply the most effective solution to a problem. In order to achieve success, one must plan accordingly. Planning can be short term or long term. Short term plans are done on daily basis and are easier to achieve than long term plans. Long term plans are also known as strategic plans and are used to achieve a long range vision or mission of a company. In both methods of planning, short term and long term, is necessary to achieve top notch results. Like in any other process, there are both benefits and pitfalls to a
Lack of project management clarity: the planning activity had lot of material but lacked content, clear action items and lack of consensus on the milestones. The difficulties in the project only increased with time and a more performance driven style would have kept things on track if introduced early on.