Professional Documents
Culture Documents
Planning 1
CONTENTS
Planning 3
Palak Sood
Roll No. : 67
References:
Principles of Management
Koontz H. and O’Donnel
Principles of Management
Prasad L.M.
The Principles of Management
Rustom S. Davar
Planning 4
PLANNING
Planning 5
ROLE OF PLANNING
CHARACTERTICS
Planning 7
ELEMENTS
Planning 8
TYPES OF GOALS
Planning 9
CHARACTERSTIS OF A GOOD
PLAN
Planning 10
STEPS IN PLANNING
Planning 11
Palak Sood
Roll No. : 67
References:
Principles of Management
Koontz H. and O’Donnel
Principles of Management
Prasad L.M.
The Principles of Management
Rustom S. Davar
Planning 12
Swathi Velisetty
Roll No. : 113
References:
Principles of Management
Koontz H. and O’Donnel
The Practice of Management
Drucker P.F.
The Fundamentals of Top Management
Ralph C. Davis
Planning 13
NEED FOR PLANNING
BENEFITS
Planning 15
BENEFITS
Planning 16
LIMITATIONS
Planning 17
LIMITATIONS
Planning 18
TYPES OF PLANNING
TYPES OF PLANNING
Planning 20
TYPES OF PLANNING
Planning 21
CLASSIFICATION OF PLANS
Planning 22
LEVELS OF PLANNING
LEVELS OF PLANNING
Planning 24
Planning 25
FIVE LEVELS
Planning 26
Swathi Velisetty
Roll No. : 113
References:
Principles of Management
Koontz H. and O’Donnel
The Practice of Management
Drucker P.F.
The Fundamentals of Top Management
Ralph C. Davis
Planning 27
Siddhi Shah
Roll No. : 101
References:
Principles of Management
Koontz H. and O’Donnel
Principles of Management
Stoner & Freeman
Planning 28
CORPORATE PLANNING
CORPORATE PLANNING…
Provides a basis of control
Planning 30
Planning 31
CORPORATE OBJECTIVES
Corporate Objectives
Overall objective is financial
‘Long Term’ and ‘Short Term’
Most generally, they answer the questions:
Where do we want to be ?
When do we expect to be there?
Forecasting
Short-term forecasting
Long-term forecasting
Planning 32
COMPONENTS OF CORPORATE
PLANNING
What is a Corporate Plan?
Quite Similar to a Marketing Plan
More ‘contextual’ in nature than other plans
Includes plans for disposition of other internal
resources of the organization
Planning 33
SHORT TERM
FORECASTING
nAbout Short Term Forecasting
•A schedule covering the plan
•Overall - Sales & financial growth oriented
•Has a limited horizon & demonstrates continuity
nSteps / Techniques
•Eye-Balling (Data, Charts & Reports)
•Relies on judgment and experience of the
manager/leader
•Exponential Smoothing
•Produces data for each period using mathematical tools
LONG TERM FORECASTING
nAbout Long Term Forecasting
•A more qualitative plan
•Focus on Strategic aspects (not tactical ones)
•Has a broad horizon & focus on long term growth
nSteps / Techniques
•Identify the important variables
•Brainstorm to find the possible outcomes
•Link these together in a series of alternative
scenarios
•Refine these scenarios
CORPORATE MISSION
nAbout Corporate Mission
•Provides context for Corporate objectives
•Defines exactly what an organization is & what it
does
•Not too wide (meaningless) nor too narrow (lack
development)
nKey Characteristics
•Customer groups to be served
•Customer needs to be met
CORPORATE VISION
nAbout Corporate Vision
•Most crucial aspect to long term success
•Vital for top leadership to develop intricately
•Equally important to create a sense of mission
nKey aspects
•Powerful and relevant
•Inspiring and exciting
•Focused and forward-moving
Siddhi Shah
Roll No. : 101
References:
Principles of Management
Koontz H. and O’Donnel
Principles of Management
Stoner & Freeman
Planning 38
Mayank Sanghai
Roll No. : 87
References:
Principles of Management
Koontz H. and O’Donnel
The fundamentals of top management
Ralph C. Davis
Planning 39
LONG RANGE
PLANNING
LONG RANGE PLANNING
AREAS OF LONG RANGE
PLANNING
Planning 42
FORECASTING AND
BUDGETING
Planning 43
PROACTIVE MANAGEMENT
UNCERTAINTY
SCENARIO PLANNING
Planning 46
Mayank Sanghai
Roll No. : 87
References:
Principles of Management
Koontz H. and O’Donnel
The fundamentals of top management
Ralph C. Davis
Planning 47
Shreyash Shah
Roll No. : 93
References:
www.mindtools.com
www.accel-team.com
Planning –A Global perspective
Weihrich & Koontz
Planning 48
DECISION MAKING
DECISION MAKING MODEL
Frame
Decide
Communicate
Implement
Evaluate
Planning 50
MULTIVOTING
Description
When to Use
• Option 1
• Option 2
• Option 3
• Option 4
• Option 5
Planning 51
GUIDELINES FOR CONDUCTING
THE MULTIVOTING ACTIVITY
1. Brainstorm a list of options.
Planning 52
GUIDELINES FOR CONDUCTING
5. Vote again.
Planning 53
PARETO ANALYSIS
A formal technique for finding the changes that will
give the biggest benefits
Planning 54
PARETO ANALYSIS
The 80/20 rule can be applied to almost
anything:
80% of customer complaints arise from 20% of your
products or services.
80% of delays in schedule arise from 20% of the
possible causes of the delays.
20% of your products or services account for 80% of
your profit.
20% of your sales-force produces 80% of your
company revenues.
20% of a systems defects cause 80% of its problems.
Planning 55
THE PROCEDURE…PARETO
ANALYSIS
Seven steps to identifying the important causes
using Pareto Analysis :
2. Form a table listing the causes and their
frequency as a percentage.
3. Arrange the rows in the decreasing order of
importance of the causes, i.e. the most
important cause first.
4. Add a cumulative percentage column to the
table.
Planning 56
THE PROCEDURE…PARETO
ANALYSIS
4. Plot with causes on x-axis and cumulative
percentage on y-axis.
5. Join the above points to form a curve.
6. Plot (on the same graph) a bar graph with causes
on x-axis and percent frequency on y-axis.
7. Draw a line at 80% on y-axis parallel to x-axis. Then
drop the line at the point of intersection with the
curve on x-axis. This point on the x-axis separates
the important causes on the left and less important
causes on the right.
Planning 57
PARETO ANALYSIS…AN
EXAMPLE
Planning 58
PAIRED COMPARISON
ANALYSIS
Paired Comparison Analysis helps you to work
out the importance of a number of options
relative to each other
Planning 59
PAIRED COMPARISON
ANALYSIS
Follow these steps to use the technique
List the options you will compare
Planning 60
PAIRED COMPARISON
ANALYSIS…AN EXAMPLE
A = 3 (37.5%)
B = 1 (12.5%)
C = 4 (50%)
D=0 Planning 61
GRID ANALYSIS
Also known as Decision Matrix analysis, Pugh
Matrix analysis or MAUT which stands for
Multi-Attribute Utility Theory
Planning 62
GRID ANALYSIS
To use the tool, lay out your options as rows on
a table
Set up the columns to show your factors
Allocate weights to show the importance of each
of these factors
Score each choice for each factor using numbers
from 0 (poor) to 3 (very good)
Multiply each score by the weight of the factor,
to show its contribution to the overall selection
Finally add up the total scores for each option.
Select the highest scoring option
Planning 63
GRID ANALYSIS…AN
EXAMPLE
Planning 64
DECISION TREE ANALYSIS
Planning 65
DECISION TREE ANALYSIS
outcome
Planning 66
Planning 67
FORCE FIELD ANALYSIS
Looks at all the forces for and against a decision
Planning 68
Planning 69
COST/BENEFIT ANALYSIS
Technique for deciding whether to make a
change
Planning 70
COST/BENEFIT ANALYSIS
Two possible approaches
Consider only financial costs and benefits
put a financial value on intangible costs and
benefits
Example: Tree worth 5000 for wood or
100000 for its environmental value
This inevitably brings an element of
subjectivity
Planning 71
Shreyash Shah
Roll No. : 93
References:
www.mindtools.com
www.accel-team.com
Planning –A Global perspective
Weihrich & Koontz
Planning 72
Kairav Parikh
Roll No. : 70
References:
Principles of Management
Koontz and O’Donnel
Principles of Management
Prasad L.M.
The Principles of Management
Rustom S. Davar
Planning 73
CREATIVE PROBLEM
SOLVING
CREATIVE PROBLEM
SOLVING
Planning 75
STAGES IN CREATIVE
PROBLEM SOLVING
Planning 76
BRAINSTORMING
Planning 77
BRAINSTORMING
Planning 78
PARADIGMS
Planning 79
Kairav Parikh
Roll No. : 70
References:
Principles of Management
Koontz and O’Donnel
Principles of Management
Prasad L.M.
The Principles of Management
Rustom S. Davar
Planning 80
THANK YOU