Planning - Management function

Types of Plans:

 

 

Strategic
Strategic plans are organizationwide, establish overall objectives, and position the organization with relation to its environment.

 

Operational Plans
 
Operational plans specify details on how individual objectives are to be achieved.

 

Plans may be long-term or short-term, directional or specific.

 

II. contingency factors in planning:

 

 

Organizational level
Life cycle of the organization
Environmental uncertainty
Length of future commitments.

 

 

III. Myths about Planning

 

Planning that proves inaccurate is a waste of management's time.
Planning can eliminate change.
Planning reduces flexibility.

Replies (10)

Objectives of Planning

 

Hierarchy of objectives

 

 

Vision
Mission
Goals
Objectives
Policies
Procedures

 

 

II. Objectives should be specific, attainable, yet challenging.

 

Is the objective appropriate for the library at this time?
Does it take the organization in the direction it wants to go?
Does it support the overall mission of the library?
Is it compatible and complementary with the other objectives?
Is it acceptable and understandable to the majority who will be charged with implementing it?
Is it affordable for the organization?
Is it measurable and achievable?
Is it ambitious enough to be challenging?

The strategic planning process is continuous:

 

Identify current mission, goals, values ------->
Environmental assessment ------->
Strategic goal setting and elaboration ------->
Development of operational plans and budgets ------->
Implementation ------>
Evaluation and Feedback.

 

 

  Environmental scanning and forecasting 

  SWOT analysis

  Benchmarking

  Operations research

   Standards and guidelines

what is MBO

 

MBO is a system in which specific performance objectives are jointly determined by subordinates and their superiors, progress toward objectives is periodically reviewed, and rewards are allocated on the basis of this progress.

 

MBO Principles

Cascading of organizational goals and objectives
Specific objectives for each member
Participative decision making
Explicit time period
Performance evaluation and feedback

 

Dear Sumit,

Thanks for sharing.

 

Whatever you have shared here;

 

if one really applies for self;

 

then after some years

 

others will read about him

 

in newspapers and magazines. 

Thanks for sharing sumit and Rightlly said by CA SURENDRA KUMAR RAKHECHA sir

Niceee onee

thanks 4 sharing, now its time for us to follow.... it will really b working veri well as said by CA Rakhecha Sir.

Very good....

Keep sharing......................

Originally posted by : Sunakshi Aggarwal

thanks 4 sharing, now its time for us to follow.... it will really b working veri well as said by CA Rakhecha Sir.
Originally posted by : CA SURENDRA KUMAR RAKHECHA

Dear Sumit,

Thanks for sharing.

 

Whatever you have shared here;

 

if one really applies for self;

 

then after some years

 

others will read about him

 

in newspapers and magazines. 

Golden Words sir...................

Thanks a Lot for Being With us............... 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details