Question

describe the process of planning in Detail​

Answer 1

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• Planning is ascertaining prior to what to do and how to do. It is one of the primary managerial duties. Before doing something, the manager must form an opinion on how to work on a specific job. Hence, planning is firmly correlated with discovery and creativity. But the manager would first have to set goals. Planning is an essential step what managers at all levels take. It needs holding on to the decisions since it includes selecting a choice from alternative ways of performance.

Planning Process

As planning is an activity, there are certain reasonable measures for every manager to follow:

(1) Setting Objectives

• This is the primary step in the process of planning which specifies the objective of an organisation, i.e. what an organisation wants to achieve.
• The planning process begins with the setting of objectives.
• Objectives are end results which the management wants to achieve by its operations.
• Objectives are specific and are measurable in terms of units.
• Objectives are set for the organisation as a whole for all departments, and then departments set their own objectives within the framework of organisational objectives.

Example:

• A mobile phone company sets the objective to sell 2,00,000 units next year, which is double the current sales.

(2) Developing Planning Premises

• Planning is essentially focused on the future, and there are certain events which are expected to affect the policy formation.
• Such events are external in nature and affect the planning adversely if ignored.
• Their understanding and fair assessment are necessary for effective planning.
• Such events are the assumptions on the basis of which plans are drawn and are known as planning premises.

Example:

• The mobile phone company has set the objective of 2,00,000 units sale on the basis of forecast done on the premises of favourable Government policy towards digitisation of transactions.

(3) Identifying Alternative Courses of Action

• Once objectives are set, assumptions are made.
• Then the next step is to act upon them.
• There may be many ways to act and achieve objectives.
• All the alternative courses of action should be identified.

Example:

• The Mobile company has many alternatives like reducing price, increasing advertising and promotion, after sale service etc.,

Answer 2

Answer:

Planning Process

As planning is an activity, there

are certain reasonable measures for every manager to follow:

(1) Setting Objectives

• This is the primary step in the process of planning which specifies the objective of an organisation, i.e. what an organisation wants to achieve.

•The planning process begins with the setting of objective .

•Objectives are specific and are measurable in terms of units .

(2) Developing Planning Premises

• Planning is essentially focused on the future, and there are certain events which are expected to affect the policy formation.

• Such events are external in nature and affect the planning adversely if ignored.

• Such events are the assumptions on the basis of which plans are drawn and are known as planning premises.

(3) Identifying Alternative Courses of Action

• Once objectives are set, assumptions are made.

Then the next step is to act upon them.

• There may be many ways to act and achieve objectives.