It is the basic function of management. It deals with chalking out a future course of action & deciding in advance the most appropriate course of actions for achievement of pre-determined goals. Planning is deciding in advance - what to do, when to do & how to do. It bridges the gap from where we are & where we want to be. A plan is a future course of actions. It is an exercise in problem solving & decision making. Planning is determination of courses of action to achieve desired goals. Thus, planning is a systematic thinking about ways & means for accomplishment of pre-determined goals. Planning is necessary to ensure proper utilization of human & non-human resources
Planning requires management to evaluate where the company is currently, and where it would like to be in the future. From there an appropriate course of action to attain the company's goals and objectives is determined and implemented.
Depending on the circumstances, these external factors may cause a company to adjust its course of action in accomplishing certain goals. This is referred to as strategic planning. During strategic planning, management analyzes internal and external factors that do and may affect the company, as well as the objectives and goals. From there they determine the company's strengths, weaknesses, opportunities and threats. In order for management to do this effectively, it has to be realistic and comprehensive.
Any planning strategy required following points to be as good planning: * Identify the goals for the work unit.
* Assess where the work unit is now in achieving those goals. * Identify what is working well and what needs improvement. * Assess the current situation, looking at what is happening and who is doing the work. * Plan what steps need to be taken to move from the current situation to reaching the goals. This includes reviewing various solutions and ways forward for any problem areas, analyzing each possibility and making a decision. * Identify the performance indicators that will demonstrate that the goals have been met.
It is the process of bringing together physical, financial and human resources and developing productive relationship amongst them for achievement of organizational goals. According to To organize a business is to provide it with everything useful or its functioning i.e. raw material, tools, capital and personnel’s. To organize a business involves determining & providing human and non-human resources to the organizational structure Through the process of getting organized, management will determine the internal organizational structure; establish and maintain relationships, as well as allocate necessary resources. In determining the internal structure, management must look at the different divisions or departments, the coordination of staff, and what is the best way to handle the necessary tasks and disbursement of information within the company. Management will then divide up the work that needs to be done, determine appropriate departments, and delegate authority and responsibilities Organizing as a process involves:
* Identification of activities.
* Classification of grouping of activities.
* Assignment of duties.
* Delegation of authority and creation of responsibility. * Coordinating authority and responsibility relationships.
Most managers realize the value of having staff involved in both planning and organizing the work. This encourages a commitment to getting it done. It is also a good idea to format the plan and the organization of the work on a work plan template. This can be distributed to everyone in the work unit...