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Planning in the contemporary organization (Benefits of Planning (Better…
Planning in the contemporary organization
What is Planning?
Planning provides a foundation for all organizational activities .Through planning,managers coordinate organizational activities so that the goals of the organization can be achieved.
Benefits of Planning
Better coordination
Planning provides a foundation for the coordination of a broad range of organizational activities.
A plan helps to define the responsibilities of individuals and work groups and helps coordinate their activities.
Focus on forward thinking
The planning function forces managers to think ahead and consider resource needs and potential opportunities or threats that the organizational may face in the future.
A Road Map
Plans outline the ways the organization will achieve its mission and vision of the future.Planning is an essential aspect of managing an organization. Typically, organizations with good planning processes will outperform those who lack them.
Participatory work environment
Successful planning requires the participation of a wide range of organizational members.
More effective Control Systems
An organizational's plan provides a foundation for control of the processes and progress of the company.Mechanism to ensure the plan are on track.
Cost of Planning
Management time
Done properly,the planning process requires a substantial amount of managerial time and energy
Delay in decision making
Planning can result in delays in decision making, which must be weighed against the importance of speed in response time.
Where should Planning begin?
Top-down Planning
Planning efforts begin with the board of directors and top executives of the firm
Advantages : Top managers, who are the most knowledgeable about the firm as whole, drive the development of the plan.
Bottom-Up Planning
Planning is initiated at the lowest level in the organization
Advantages : The people closest to the operating systems customers, and suppliers drive the development of the plan
Levels of Planning
Strategic plans
Plans that applies to the entire organization,that establish the organisation's overall objectives,and that seek to position the organization in terms of the its environment
Operational plans
Plans that specify details on how overall objectives are to be achieved
Standing Plans
Designed to deal with organizational issues or problems that recur frequently
Single-Use Plans
Address a specific organizational situation.Such plans are typically used only once because the situation to which they apply does not recur
Individual Plans
Plans developed for specific employees so that they can fully understand their role in the fulfilling an organization's mission achieving it vision
Managerial Planning
A plan
A blueprint for action that prescribes the activities necessary for an organization to realize their goals
Purpose of Planning
To ensure that the organization is both effective and efficient in this activities
Planning defined
The process of outlining the activities that necessary to achieve the goals of organization