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Types of plans (Objectives of Features (follow 1. (hierarchical (pattern…
Types of plans
Goals
goals are
end result
towards all enterprise
efforts of
organisation are
directed.
planning
made to
achieve goal
of enterprise.
goals must
be exact,
concerete
measurable
verifiable
Examples
(a)
improving
relation
with customer.
(c)
Improvement
in quality
of product.
(b)
Increasing
sales
volume.
Objectives
destination
where business
enterprise
wish to go.
its ends
towards
all business
activities are
aimed it.
make planning
effective
manager
develop
(b) Short term & Long term
(c) Economic & Social
(a) Overall & Departmental
Examples
Increasing
(a)
sale product
by 20%.
Reducing
(c)
quality
rejection rate
5% to 2%
Appointing 50
(b)
trainers every
year
campus
interview.
Objectives of Features
follow
1.
hierarchical
pattern.
Firstly organisation
objectives set
basis various
departmental objectives
are set
2. Plurality objectives.
the business
can set
regarding;
(iii) Innovation
(iv) Profitability
(ii) Goodwill
(v) Cost Reduction
(i) Productivity
3.
All obectives
**
interrelated.
Achievement major
objectives need
achievement of
subordinates objectives
also.
4.
Objectives
need
constant review
as to make
sure objectives
are realistic
to situation.
5.long term or short term
but short term
must correspond
long term objectives.
both should
complementary
supplementary
each other.
Importance Objectives
1.Legitimacy
Objectives embody
basic mission
of organisation.
Organisational activities
give purpose
& meaning
to organisation
2.Unified Planning
Objectives are
prerequisites to
determining
effective policies,
procedures
Strategies
rules,method
3.Source of Motivation.
purpose for
performing
each job.
effective objectives
can be good
motivators
because make it
easier for
member relate
accomplishment
of personal
goals
to work
the organisation.
4. Means of Co-ordination
Organisational
objectives are
essential
for co-ordinated
efforts.
encourage
all members
of organisation
to work
together
same direction.
5.Basis of Control
provides
yardsticks for
measuring &
evaluating
performance.
serves as
tool to
exercise control
over performance
of the work.