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Planning - Management function


(Guest)

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.


 10 Replies


(Guest)

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?


(Guest)

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


(Guest)

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

 

CA SURENDRA KUMAR RAKHECHA (Practising CA at Surat) (26248 Points)
Replied 29 August 2010

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

2 Like

Ayyswariya RG (Knowledge Seeker) (3706 Points)
Replied 29 August 2010

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

mehul kishnani (student) (264 Points)
Replied 29 August 2010

Niceee onee

Sunakshi Aggarwal (CA student) (120 Points)
Replied 30 August 2010

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

CA Amit Joshi (CA) (1141 Points)
Replied 30 August 2010

Very good....

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

Santhosh Poojary (SIEMPRE AHÍ PARA TI) (15587 Points)
Replied 30 August 2010

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.

Santhosh Poojary (SIEMPRE AHÍ PARA TI) (15587 Points)
Replied 30 August 2010

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............... 


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