PLANINNG PROCESS
PRESENT BY
INTRODUCTION
There must be a definite goal before any
plan is prepared. Planning has become a general rule in economic development in managing a business unit and even in managing family affairs. Plan are prepared in response to such question as to what to be done , how , where and when it is to be done. In the absence of planning waste of time, energy and resour.
Meaning of Planning
Henry fayol: 1.According to Henry fayol Panning refers to a preview of future activities.'
2.This definition stresses that planning is concerned with future. 3.It draws a picture of future events into the present.
George R.Terry:
1.Plannng is the selecting and relating of facts and using of assumption regarding the future in the visualization of formulation of proposed activities believed necessary to achieve desired results. 2.This is a comprehensive definition, incorporating for important features of planning.
Planning of Process
1. Establishing of Objectives 2. Building premises 3. Collection, classification and analysis of
4. 5. 6. 7. 8.
data Determining alternative courses Evaluating alternative Selection of a course of action Preparing derivative plans Providing follow-up
Establishing of Objectives
Planning is not possible if objectives are
not clear. As stated before that planning has its origin in objectives. Objectives indicate what is to be accomplished in future. If there are more then one objectives they should be arranged in order of priority.
Building premises
Planning is a programming of future
action. The premises are assumption about future setting in which planning takes place. assumption are to be made about future price of the product, wages rates, taxes sales etc
Evaluating alternative
After considering all possible alternatives
each one of them must be properly assessed in terms of its profitability. For this propose mathematical and statistical methods and formulas may be used whenever possible.
Providing follow-up
The plan may be executed on an
experimental basis and the chances of its success may be assessed. The debenture or difficulties noised during such trial may be rectified. Also it is essential to keep on eye on the progress of the plan when it is fully put into operation.