UNIT – II PLANNING · UNIT –II PLANNING Mr.N.S.Srivatchan , AP/EEE Ms.R.Vanitha , AP/EEE MG6851...
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UNIT – II PLANNING Mr.N.S.Srivatchan , AP/EEE Ms.R.Vanitha , AP/EEE MG6851 – PRINCIPLES OF MANAGEMENT Syllabus: Nature and purpose of planning – planning process – types of planning – objectives – setting objectives – policies – Planning premises – Strategic Management – Planning Tools and Techniques – Decision making steps and process.
Transcript of UNIT – II PLANNING · UNIT –II PLANNING Mr.N.S.Srivatchan , AP/EEE Ms.R.Vanitha , AP/EEE MG6851...
UNIT – II PLANNINGMr.N.S.Srivatchan , AP/EEE
Ms.R.Vanitha , AP/EEE
MG6851 – PRINCIPLES OF MANAGEMENT
Syllabus:
Nature and purpose of planning – planning process – types ofplanning – objectives – setting objectives – policies – Planningpremises – Strategic Management – Planning Tools and Techniques– Decision making steps and process.
Planning Definition
• Planning as a process involves the determination of future course of action, that is why an action, what action, how to take action, and when to take action. These are related with different aspects of planning process.
• Terry has defined planning in terms of future course of action i.e., “planning is the selection and relating of facts and making and using of assumptions regarding the future in the visualisation and formalisation of proposed activities believed necessary to achieve desired result.”
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• McFarland has defined Planning as “a concept of executive action that embodies the skills of anticipating, influencing and controlling the nature and direction of change.”
• In the words of Koontz and O’Donnell, “planning is deciding in advance what to do, how to do it, when to do it, and who is to do it. Planning bridges the gap from where we are to here we want to go.”
• According to Theo Haimann, “planning is the function that determines in advance what should be done. It consists of selecting the enterprise objectives polices, programmes, procedures and other means of achieving these objectives.”
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Nature of Planning
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Types of Plans
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Types of Operational Plans
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Objectives
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Setting Objectives
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Policy
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Types of Policies
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Planning Premises
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Planning Tools and Techniques
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Decision Making Process
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