P L A N N I N G
- 1. PLANNINGA detailed method, formulated beforehand, for managing all or part of a business.
- 2. Objectives Mission, purpose, or standard that can be reasonably achieved within the expected timeframe and with the available resourcesObjectives are the most basic planning tools underlying all planning and strategic activities. They serve as the basis for policy and performance appraisals, and act as glue that binds the entire organization together.
- 3. Objectives of performance There are eight important ares in objective of performance is setMarket standing
- 4. Innovation
- 5. Producyivity
- 6. Physical and financial resources
- 8. Manager performance and development
- 9. Workers performance and attitude
- 10. Public responsibiltyRequirement of good objectivesObjectives must be clear and must be acceptableThe objectives must support one anotherThe objectives must be preciseThe objectives must be measurableThe objectives must be realistic and valid ones
- 11. Types of plans Based on nature of planningStrategic planningTactical planningBased on use of plansSingle use planStanding plan
- 12. Difference between Strategic planning and Tactical planningStrategic planningTactical planningIt is long termDone at top managementIt consists of major goals and policies of organization, resources and facilities to accomplish themIt is less detailed, focuses on long term goalIt is more uncertainIt is short termDone at lower levels of managementIt consists of use of facilities and resourcesIt is more detailed and day to day activitiesIt is less uncertain
- 13. What is single use plan?Single use plan are developed to achieve a specific end. After reaching that target the plan becomes useless.
- 15. Difference between policy and procedurepolicyprocedureGeneral guidelines of the organizationTop level activityPolicies fulfill the objectives of an organizationPolicies are often made without any analysisGeneral guidelines at the action levelDepartmental activityProcedure guides the way to implement the policiesProcedures are always made after through study analysis of work