PLANNING
Planning is open of the
important element in the management process. In other words we can say planning
as one of the basic managerial function on which all other functions are based
upon. In simple we can say planning as transforming your idea into a
documentation, which is ready to see and analyse.
CHARECTERSTICS OF PLANNING
1- Planning establishes coordinated efforts.
2- Planning reduces uncertainty
3- Planning reduces overlapping and wastage of resources.
4- Planning establishes goals and standards used in
controlling.
TYPES OF PLANS
1-
Time horizon
2-
Standing and
single use plans
3-
Strategic plans;
Business plans; Operational plans.
4-
Directional and
specific plans.
5-
Contingency plans.
PROCESS OF
PLANNING
The process of planning can be explained in detail as
follows
1- Setting goals
2- Developing the planning premises
3- Reviewing limitations
4- Creating Timelines
5- Establishing evaluation standards
6- Identifying alternative course of actions.
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