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    Planning Process

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    Man your voice is breaking kutty
    This document outlines the 7 step planning process: 1. Setting objectives to define what is to be achieved. 2. Developing premises by looking at forecast data and enterprise plans. 3. Identifying alternative courses of action and evaluating their strengths and weaknesses. 4. Evaluating the alternative courses in light of objectives and goals. 5. Selecting the most suitable alternative course of action. 6. Implementing the selected plan by establishing policies and procedures. 7. Conducting follow up actions by monitoring plans and taking corrective actions if needed.

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    Planning Process

    Uploaded by

    Man your voice is breaking kutty
    40 views12 pages
    This document outlines the 7 step planning process: 1. Setting objectives to define what is to be achieved. 2. Developing premises by looking at forecast data and enterprise plans. 3. Identifying alternative courses of action and evaluating their strengths and weaknesses. 4. Evaluating the alternative courses in light of objectives and goals. 5. Selecting the most suitable alternative course of action. 6. Implementing the selected plan by establishing policies and procedures. 7. Conducting follow up actions by monitoring plans and taking corrective actions if needed.

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    Planning process

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    This document outlines the 7 step planning process: 1. Setting objectives to define what is to be achieved. 2. Developing premises by looking at forecast data and enterprise plans. 3. Identifying alternative courses of action and evaluating their strengths and weaknesses. 4. Evaluating the alternative courses in light of objectives and goals. 5. Selecting the most suitable alternative course of action. 6. Implementing the selected plan by establishing policies and procedures. 7. Conducting follow up actions by monitoring plans and taking corrective actions if needed.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    40 views12 pages

    Planning Process

    Uploaded by

    Man your voice is breaking kutty
    This document outlines the 7 step planning process: 1. Setting objectives to define what is to be achieved. 2. Developing premises by looking at forecast data and enterprise plans. 3. Identifying alternative courses of action and evaluating their strengths and weaknesses. 4. Evaluating the alternative courses in light of objectives and goals. 5. Selecting the most suitable alternative course of action. 6. Implementing the selected plan by establishing policies and procedures. 7. Conducting follow up actions by monitoring plans and taking corrective actions if needed.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 12

    PLANNING

    PROCESS
    Presented by: Mohammed sameeh
    TOPIC

    WHAT IS PLANNING

    PLANNING PROCESS
    PLANNING
    Planning is deciding in advance what
    to do and how to do. it is the one the
    basic managerial functions
    Planning involves setting objectives
    and developing appropriate courses of
    action to achive these objectives
    PLANNING
    PROCESS
    1.SETTING OBJECTIVES
    Setting objectives is the first step in planning. Plans are prepared with a
    view to achieve certain goals. Hence, setting objectives is an important
    step in the process of planning. Plans should reflect the enterprise’s
    objectives. Objectives should clearly define as to what is to be achieved by
    policies, procedures, rules, strategies, budgets and programmes. Plan
    must make sure that every activity undertaken contributes to the
    achievement of objectives.
    2.DEVOLOPING PREMISES
    This is the second step in planning. Premises include actual forecast
    data, policies and plans of the enterprise. Planning involves looking into
    the future which necessitates the enterprise to know, how future
    conditions will affect its activities. Thus, forecasting is an important
    step in planning.
    3.IDENTIFYING
    ALTERNATIVE COUSES
    Determining alternative courses is the third
    step in the planning process. The planner
    should study all the alternatives, consider
    the strong and weak points of them and
    finally select the most promising ones.
    4.EVALUATING ALTERNATIVE

    Alternative courses so selected should be evaluated in


    the light of premises and goals. Evaluation involves the
    study of performance of various actions. Various
    factors such as profitability, investment requirements
    etc., of such alternatives should be weighed against
    each other. Each alternative should be closely studied
    to determine its suitability.
    5.SELECTING AN
    ALTERNATIVE
    After having evaluated the various
    alternatives, the most suitable alternative is
    selected. With this, the plan can be
    considered to have been adopted. It is exactly
    the point at which decisions are made.
    Sometimes, in the best interests of the
    enterprise, several alternative courses can be
    adopted.
    6.IMPLIMENTING THE PLAN
    implementation of plans is the sixth step in the process of
    planning. This involves putting the plans into action so as to
    achieve the business objectives Implementation of plans requires
    establishment of policies, procedures, standards, budgets, etc.
    7.FOLLOW UP ACTION
    This involves monitoring the plans and ensuring that
    activities are performed according to the schedule.
    Whenever there are deviations from plans,
    immediate action has to be taken to bring
    implementation according to the plan or make
    changes in the plan.
    THANK YOU FOR
    LISTENING!

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