1101IBA Lecture Notes - Lecture 3: Participatory Planning, Personal Development, Scenario Planning
30 May 2018
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Management Concepts Week 3 Lecture Notes
Planning
What is planning?
• The process of setting objectives and determining how to accomplish them
• Planning involves deciding exactly what you want to accomplish and the best way to
go about it
• Objectives
o Specific results that someone wishes to achieve
o May relate to the individual, a group or the whole organization
The Role of the Planning Function
The Planning Process
• There are five sequential action steps in the systemic planning process:
o 1. Define your objectives
o 2. Determine where you stand in relation to objectives
o 3. Develop premises regarding future conditions
o 4. Analyze and choose among alternative actions
o 5. Implement the plan and evaluate the results
find more resources at oneclass.com
find more resources at oneclass.com
The SMART Model
Types of plans used by managers
• Strategic plans
o Define long term needs and set action directions for the organization
• Tactical Plans
o Developed and used to implement strategic plans. They tend to be
intermediate- term plas that speif ho the orgaizatios resoures a
be used to put strategies into action
• Situations may arise that require immediate adjustments to solve problems or
exploit opportunities, in order to advance the overall strategy
Types of plans used by managers
• Operational plans
o What needs to be done in the short term to progress strategic objectives
• Typical operational plans in an organization include:
o Production plans
o Financial plans
o Facilities plans
o Marketing plans
o Human resource plans
Policies and procedures
• Policy
o A standing plan that communicated broad guidelines for decisions and action
• Procedures
o Precisely describe actions that are to be taken in specific situations. They
define the recommended sequence of events needed to accomplish a task or
a set of tasks
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
The planning process: there are five sequential action steps in the systemic planning process, 1. Determine where you stand in relation to objectives: 3. Analyze and choose among alternative actions: 5. Types of plans used by managers: strategic plans, define long term needs and set action directions for the organization, tactical plans, developed and used to implement strategic plans. Policies and procedures: policy, a standing plan that communicated broad guidelines for decisions and action, procedures, precisely describe actions that are to be taken in specific situations. They define the recommended sequence of events needed to accomplish a task or a set of tasks. Identifying alternative courses of action that can be implemented if and when an original plan proves inadequate because of changing circumstances (cid:858)trigger poi(cid:374)ts(cid:859) that i(cid:374)di(cid:272)ate that a(cid:374) e(cid:454)isti(cid:374)g pla(cid:374) is (cid:374)o lo(cid:374)ger desira(cid:271)le (cid:373)ust (cid:271)e preselected and then monitored. How participation and involvement help build commitments to plans.
