Establishing the objectives is the first step in planning. Plans are prepared with a view to achieve certain goals. Hence, establishing the objectives is an important step in the process of planning. Plans should reflect the enterprise’s objectives.
Planning, for our purposes, can be thought of as determining all the small tasks that must be carried out in order to accomplish a goal. Let’s say your goal is to buy a gallon of milk. … Throughout your day, you are executing plans that your brain comes up with to achieve your daily goals.
There are three major types of planning, which include operational, tactical and strategic planning.
The Most Important Part of Strategic Planning: “Operationalizing” Strategy.
Why is planning important? It helps us to identify our goals clearly. It makes us decide clearly and concretely what we need to do to have the effect on society that we want. It helps us make sure that we all understand our goal and what we need to do to reach it by involving everyone in the planning process.
(6) SET STANDARDS FOR CONTROLLING
Planning involves the setting of goals and these predetermined goals are accomplished with the help of managerial functions like planning, organising, staffing, directing and controlling. Planning provides standards against which actual performance is measured.
A good plan is based upon clear, well-defined and easily understood objectives. General objectives like improving morale or increasing profits are ambiguous in nature and do not lend to specific steps and plans. If possible, objectives must be quantified for sake of simplicity.
Short-term planning is defined by the characteristics of an organization, such as skills. In the workplace, managers devise strategies on how to improve these characteristics in the short-term to meet long-term goals. … Short-term planning can factor in these concepts to reach success: Cash flow.
Why Planning Often Fails. Planning attempts fail when they are not integrated into the day-to-day operations of the organization. A strategic plan without an implementation strategy is not likely to be used. Sometimes planning fails because there is poor understanding of the planning steps or planning concepts.
The 5 Process Steps of Organizational Planning. The organizational planning process includes five phases that, ideally, form a cycle. Strategic, tactical, operational, and contingency planning fall within these five stages.
Planning is the most basic of all managerial functions which involves establishing goals, setting out objectives and defining the methods by which these goals and objectives are to be attained. It is, therefore, a rational approach to achieving pre-selected objectives.
Plans are classified into two types known as Multi-use Plans and Single-use Plans. Other names are standing plans or repeated use plans. They are used repeatedly in situations of a similar nature.