PLANNING
Meaning
Planning is deciding in advance what to do and how to do. It is one of the basic managerial functions. Before doing something, the manager must formulate an idea of how to work on a particular task. Thus, planning is closely connected with creativity and innovation. But the manager would first have to set objectives, only then will a manager know where he has to go. Planning seeks to bridge the gap between where we are and where we want to go. Planning is what managers at all levels do. It requires taking decisions since it involves making a choice from alternative courses of action.
In simple words, planning is deciding in advance what is to be done, when, where, how and by whom it is to be done. Thus, a plan is a
…show more content…
It is basically an intellectual activity of thinking rather than doing, because planning determines the action to be taken. However, planning requires logical and systematic thinking rather than guess work or wishful thinking. In other words, thinking for planning must be orderly and based on the analysis of facts and forecasts.
Significance and Importance of Planning
• Planning facilitates management by objectives.
a. Planning begins with determination of objectives.
b. It highlights the purposes for which various activities are to be undertaken.
c. In fact, it makes objectives more clear and specific.
d. Planning helps in focusing the attention of employees on the objectives or goals of enterprise.
e. Without planning an organization has no guide.
f. Planning compels manager to prepare a Blue-print of the courses of action to be followed for accomplishment of objectives.
g. Therefore, planning brings order and rationality into the organization.
• Planning minimizes uncertainties.
a. Business is full of uncertainties.
b. There are risks of various types due to uncertainties.
c. Planning helps in reducing uncertainties of future as it involves anticipation of future events.
d. Although future cannot be predicted with cent percent accuracy but planning helps management to anticipate future and prepare for risks by necessary provisions to meet unexpected turn of events.
e.
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 consists of competitive moves and business approaches developed to attract, please customers, conduct operations, grow the business, gain competitive advantage, and achieve performance objectives (Huidan, 2011). There are three steps to planning. A manager must be able to decide what goals to pursue, the best strategy to achieve those goals, and how to use their available resources to achieve those goals as efficient as possible (Bethel University,
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.
Anne, Planning is the most important function of management, planning provides clear concise directions for everyone in the organization. The importance of planning is that it provides attention on objectives and results, reduces uncertainty, gives direction for everyone, encourages team work and creativity, helps with decision making among many other important factors. Each organization is different in the approach they take in planning one’s organization. There are different plans that may be used depending on what you are trying to achieve.
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
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.
Is the process and the first function of management, which is the basis for other administrative functions. Planning is a continuous process that involves determining the way things go.
Planning focuses on objectives and when the objectives are well defined, tasks can be delegated, and resource requirements met, so that individuals within the organisation may be able to achieve their goals.
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
Definition: Planning skills are any skills that allow you to look ahead and accomplish goals or targets.
For managers to be successful they have to be able to plan accordingly. Any good manager can understand the importance of planning, because it is one of the most basic functions of managerial skills. A goal has to be established and strategies have to be conveyed to the subordinates. For example, If I’m a manager I will engage