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PLANNING PROCESSES AND TECHNIQUES (Planning tools and techniques (Scenario…
PLANNING PROCESSES AND TECHNIQUES
Why and how managers plan
The planning process
Develop premises regarding future conditions
Ananlyze alternatives and make a plan
Determine where you stand vis-a-vis objectives
Implement the plan and evaluate results
Define your objectives
Benefits of planning
Planning improves action orientation
Planning improves coordination and control
Planning improves focus and flexibility
Importance of planning
Planning and time management
Types of plan used by managers
Strategic and tactical plans
Operational Plans
Policies and Procedures
: standing plans like policies & procedures that are used over and over again
Budgets
: single-used plans like budgets that apply to one specific tasks or time period
Long-range and short-range plans
Implementing Plans to achieve results
Goal Alignment
Goals set everywhere in the organization should ideally help advance its overall mission or purpose
Conversation between team leaders and team members should result in agreement on
performance objectives for a given time period
Plans through which they will be accomplished
Standards for measuring whether they have been accomplished
Procedures for reviewing performance results
Goal Alignment
: the process by which you keep your workforce working towards your company's overall goals
Goal Setting
Measurable
Challenging
Timely
Attainable
Specific
Participation and involvement
Improve performance results by improving both the quality of any plans made and the effectiveness of their implementation
When people partictipate in setting goals they gain motivation to work hard to accomplish them
Planning tools and techniques
Scenario Planning
Benchmarking
Contingency Planning
Staff Planning
Forecasting