NATURE PURPOSE AND

FRAMEWORK OF PLANNING

PRESENTED TO :-
PROF.KESHAV SHARMA

MOHD. SHAHBAZ
13_MBA_2007
BIBLIOGRAPHY

 www.time-management-guide.com
 PRINCIPLES OF BUSINESS MANAGEMENT :–
KALYANI PUBLISHERS(R.S.GUPTA,B.D.SHARMA
& N.S.BHALLA)
 COMPREHENSIVE BUSINESS STUDIES :- LAXMI
PUBLICATIONS(S.A.SIDDIQUI)
 ESSENTIALS OF MANAGEMENT :- KOONTZ AND
WEIHRICH
PLANNING

“PLANNING IS DECIDING THE BEST ALTERNATIVE AMONG OTHERS

TO PERFORM DIFFERENT MANAGERIAL OPERATIONS IN ORDER TO
ACHIEVE THE PREDETERMINED GOAL.” – HENRY FAYOL

“PLANNING IS DECIDING IN ADVANCE,WHAT TO DO,HOW TO DO

IT,WHEN TO DO IT,AND WHO IS TO DO IT.” – KOONTZ &
O’DONNELL

“A plan is like a map. When following a plan, you can always see how much
you have progressed towards your project goal and how far you are from
your destination. Knowing where you are is essential for making good
decisions on where to go or what to do next.”
- http://www.time-management-guide.com/planning.html
THE PROBLEMS OF PLANNING SITUATION ARE RIGHTLY
INDICATED BY RUDYARD KIPLING IN THE FOLLOWING WORDS :

“I KEEP SIX HONEST SERVING MEN,

THEY TAUGHT ME ALL I KNOW.
THEIR NAMES ARE WHAT,WHERE AND WHEN,
AND HOW AND WHY AND WHO.”
IT SHOWS THAT PLANNING IS CONCERNED WITH THE FOLLOWING :
1. WHAT IS TO BE DONE ?
2. WHERE IS IT TO BE DONE ?
3. WHEN IS IT TO BE DONE ?
4. HOW IS IT TO BE DONE ?
5. WHY IS IT TO BE DONE ?
6. WHO IS TO DO IT ?
NATURE OF PLANNING

1. PLANNING IS AN INTELLECTUAL
PROCESS.
2. PLANNING IS GOAL ORIENTED.
3. PLANNING IS THE PRIMARY
FUNCTION OF MANAGEMENT.
4. PLANNING IS SELECTIVE IN NATURE.
5. PLANNING IS ALWAYS FORWARD
LOOKING.
6. PLANNING PERVADES ALL
MANAGERIAL ACTIVITIES.
 PERVASIVE NATURE OF
PLANNING

PLANNING
PLANNING

CONTROLLING
CONTROLLING ORGANISING
ORGANISING

PLANNING
PLANNING

DIRECTING
DIRECTING STAFFING
STAFFING
NATURE OF PLANNING

7. PLANNING DOES NOT ELIMINATE FUTURE

RISKS,BUT ENABLES TO FACE IT.
8. PLANNING FOCUSES ON OBJECTIVES.
9. PLANNING IS A CONTINOUS PROCESS.
10. PLANNING IS DYNAMIC(FLEXIBLE) IN
NATURE.
 PLANNING PROCESS

CONTROLLING THE
SETTING OBJECTIVES
PLAN

PLANNING PREMISES COMMUNICATION OF PLAN

COLLECTION,ANALYSIS & FORMATION OF

CLASSIFICATION OF DATA DERIVATIVE PLANS

COURSE OF ACTION

DEVELOPING ALTERNATIVES SELECT A PLAN

EVALUATING ALTERNATIVES
PURPOSE OF PLANNING

 ACHIEVING BUSINESS OBJECTIVES

 REDUCING FUTURE UNCERTAINITIES
 BEST POSSIBLE USE OF RESOURCES
 EFFECTIVE CO-ORDINATION
 FACILITATE DECISION MAKING
 DEVELOPMENT AND EXPANSION
 EFFECTIVE ORGANISATION AND
CONTROL
FRAMEWORK OF PLANNING

 PRINCIPLE OF CONTRIBUTION TO
OBJECTIVES
 PRINCIPLE OF LIMITING FACTORS
 PRINCIPLE OF FLEXIBILITY
 PRINCIPLE OF COMMUNICATION
 PRINCIPLE OF COMPETING STRATEGIES
 PRINCIPLE OF ADEQUATE CONTROL
TECHNIQUES
 PRINCIPLE OF COST BENEFIT ANALYSIS
ESSENTIALS OF A GOOD PLAN

 IT SHOULD DEFINE OBJECTIVES

 IT SHOULD BE SIMPLE & CLEAR
 IT SHOULD BE COMPREHENSIVE
 IT SHOULD BE FLEXIBLE
 IT SHOULD BE ECONOMICAL
 IT SHOULD ESTABLISH STANDARDS
 IT SHOULD BE PRACTICAL
CORPORATE EXAMPLES

 MARUTI SUZUKI
 MARUTI SUZUKI will pay 24 per cent interest on waiting period beyond 16
days for its popular SX4 and Swift car models.
 The booking amount for both the models is up to Rs 50,000.
 The waiting period for these cars goes up to eight weeks.
 The capacity of the production plant(which is currently 1,00,000 cars) is
going to be 3,00,000 cars per year by the end of 2008.
THANK YOU

ANY QUERIES ?