Foundations of Planning in Management
Foundations of Planning
Facilitator: S. Ali Jafari
CASE
Understanding Powerful Role of Your Experience in Finetuning Your Judgment Contd… • Those who cannot remember past are fated to repeat it. -George Santayana -George • Bad judgment can come form bad memory. -L. William Seidman -L. • Only thing new in world is history you don’t know. don’t -Harry S. Truman -Harry • Farther backward you can look farther forward you are likely to see. -Winston Churchill -Winston Contd… Contd…
Understanding Powerful Role of Your Experience in FineFinetuning Your Judgment Contd… Contd… • There is nothing new except what has been forgotten. - Marie Antoinette • If I have seen further, it is by standing on shoulders of giants. -Isaac Newton -Isaac • Anyone who closes his eyes on past is blind to present. -Richard von Weizacker -Richard
• What many managers fail to recognize is that effective planning is good investment & is less costly to organization than no planning at all.
Nature & Importance of Managerial Planning
• Who all should be involved in planning in an organization? • All managers must plan. •All • Planning is an intellectual activity & a major component of managerial task.
Nature & Importance of Managerial Planning • Where does planning belong in terms of time •Where & why? • Planning is a futuristic activity directed •Planning toward anticipating, predicting, & dealing with change. • Because only certain thing is change – •Because essence of planning - it is vital managerial function.
What is the Essence of Planning Functions?
• A set of related steps by which management determines
– what is to be done – how it will be done
Planning
• So where do we start? • By Defining
– Organizational objectives or goals
• Then what? – Establish overall strategy for achieving these goals. And then what? – Develop a comprehensive hierarchy of plans to integrate & coordinate activities
Can we safely say that Planning is a Process or at
Facilitator: S. Ali Jafari
CASE
Understanding Powerful Role of Your Experience in Finetuning Your Judgment Contd… • Those who cannot remember past are fated to repeat it. -George Santayana -George • Bad judgment can come form bad memory. -L. William Seidman -L. • Only thing new in world is history you don’t know. don’t -Harry S. Truman -Harry • Farther backward you can look farther forward you are likely to see. -Winston Churchill -Winston Contd… Contd…
Understanding Powerful Role of Your Experience in FineFinetuning Your Judgment Contd… Contd… • There is nothing new except what has been forgotten. - Marie Antoinette • If I have seen further, it is by standing on shoulders of giants. -Isaac Newton -Isaac • Anyone who closes his eyes on past is blind to present. -Richard von Weizacker -Richard
• What many managers fail to recognize is that effective planning is good investment & is less costly to organization than no planning at all.
Nature & Importance of Managerial Planning
• Who all should be involved in planning in an organization? • All managers must plan. •All • Planning is an intellectual activity & a major component of managerial task.
Nature & Importance of Managerial Planning • Where does planning belong in terms of time •Where & why? • Planning is a futuristic activity directed •Planning toward anticipating, predicting, & dealing with change. • Because only certain thing is change – •Because essence of planning - it is vital managerial function.
What is the Essence of Planning Functions?
• A set of related steps by which management determines
– what is to be done – how it will be done
Planning
• So where do we start? • By Defining
– Organizational objectives or goals
• Then what? – Establish overall strategy for achieving these goals. And then what? – Develop a comprehensive hierarchy of plans to integrate & coordinate activities
Can we safely say that Planning is a Process or at