Nature and Purpose of Planning Essay

969 Words Aug 26th, 2010 4 Pages

PLANNING is a process for accomplishing purpose. * It is a blue print of business growth and a road map of development. * the conscious, systematic process of making decisions about goals and activities to be pursued in the future. * It helps in deciding objectives both in quantitative and qualitative terms. * It is setting of goals on the basis of objectives and keeping in view the resources. * It predicts what the future should look like. * Formal procedures used in such an endeavor, such as the creation of documents, diagrams, or meetings to discuss the important issues to be addressed, the objectives to be met, and the strategy to be followed.

PLANNING is also a
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* study past and current conditions, and forecast future trends * focuses on internal forces and influences from the external environment * Step two: alternative goals and plans * generate alternative future goals and plans to achieve them * goals - targets or ends the manager wants to reach * should be specific, challenging, and realistic * should be acceptable to those charged with achieving them * plans - the actions or means intended to achieve goals * identify alternative actions, needed resources, and potential obstacles * single use plans - designed to achieve goals that are unlikely to be repeated in the future * standing plans - designed to achieve an enduring set of goals * contingency plans - actions to be taken when initial plans fail or if events in the external environment require a sudden change * Step three: goal and plan evaluation * evaluate the advantages, disadvantages, and potential effects of each alternative goal and plan * prioritize those goals * consider the implications of alternative plans * Step four: goal and plan selection * identify the priorities and trade-offs among goals and plans * leads to a written set of goals and plans that are appropriate and feasible within a predicted set of circumstances * scenario - narrative that describes a

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