planning Flashcards
fts of planning?
7
P2 CF- DOM
-pervasive
-primary func t of management
-continuous
-fituristuic
-decicison making
-focuses on acheiving OBJECITVES
-mental exercise
imp of planning?
6 ots
-reducing risks of uncertiainties
-reduces wasteful and overlapping and wasteful activites
-establshes standrads for controlling
-facilitating decision making (same in features)
-prmoties innovate ideas
-provides direction
dfeine plllaning
planning
-process of setting jectives for a given time period
-formulating various cirses f actio to achiece them
-selecting best possible alt frim among various cirses f actio available
forcasting helps in – info
define premises
gathering
premises/assumptions are base material upon which plans are drawn. managers use hese to make assumptions ab the future
give 6 limiattaions of planning
RD-Sc + 2 costs
-leads to rigidty
-doesnt work in dynamic env
-does nt guranatee success
-reduces creativity
-time consuming
vivolves huge costs
give 7 steps of plannig process.
-setting objectives
-dvlping premises
dientfyig varuous curses of action available
evaluatigg alt courses of action
-selecting an alt
-implementing the pkan
followup action
the 4th step of planning porcess is??
it mentions tht alternative courses of action are evaluated in light of 2 things??
evaluating variouses courses of action
2: feasibility and consequences
the 4th step of planning porcess is??
it mentions tht alternative courses of action are evaluated in light of 2 things??
2 types of plans single use and staning classfiied on basis of??
use and length
stretgy ke pts de.. has daa (3 sub pts)
broad contours
comprehensive plan of action for accomplipshing orgas objectives
1.determining long term obj
2. adopting a particular course
3.allocatin neceessary resources to achieve objective
consider bs environment too
objectves ke pts??
-objectives are desired future postiion that mgmt would like to reach
-rep end pt of business, the future state of affairs that org strives to achieve
-serve as guidelines for overall bs planning - each dept might have own ojectives
-focus on broad and gen issues
-made by top mgmt of bs
expressed in quant measurable terms like written stat r desired results to be achieved over given time period
policies?/
are guide to ———
egs»
2 types?
are general stat that guide thinkig or channelise enegries towards a particlar direction
gen responses in a particular situation
guide to managerial action
pricing, recruitment policy, purhcase policy
major company and minor compnay polciies
are polciies strict?
no
define broad parameters-manager can use dicscretion
procedures are ??
routine steps to carry out actviites
-specified steps
in chronological rder
-info is for insiders to follow
eg: procedure for requi. supplies for production
procedures are ??
ROUTINE
routine steps to carry out actviites
-specified steps
in chronological rder
-info is for insiders to follow
eg: procedure for requi. supplies for production
