2. ANALYSIS OF ENVIRONMENT
Planner must know that why
planning is needed
What for planning is essential ?
Analyze external and internal
environment
Find opportunities
3. SETTING OF OBJECTIVES
Objectives should be clear and
achievable
Set the objectives studying weak
and strong aspect
Set long term and short term
objectives
Set accessory objectives
Set departmental objectives
5. Development of planning premises
The task of forecasting future action to
achieve objectives is called planning
premises.
Forecasting market situation, sales
forecasting future cost etc.
Forecasting economic, social, cultural
political situation etc.
6. Identification of alternatives
Many alternatives to achieve
organizational goal
Harnessing several alternatives
Use wisdom, imagination,
experiences
Take advises from specialist, books
,journal etc
7. Evaluation of alternatives
Analyze the time
Analyze the advantages
Match with objective of
organization
Analyze the cost
Use scientific and practical
technique for evaluation.
8. Selecting the best alternatives
Past experiences
Market condition
Business situation
Effect of the selected alternatives
9. Formulating supportive plan
Prepare different plan for
different action
Supportive plan must co related
to major plan
Separate policy, rules budget
should prepare
10. Implementation of plans
Paper work is implemented
practically
Inform all the staff and concern
stakeholder about plan
Give advises and suggestion to
worker
Gather money machine men for
production and operation
11. Reviewing the planning
Find the effectiveness of plan
and analyze weakness
Do correction for weakness .
Planning is the future course of
action may not match in future
13. NEED FOR PLANNING
FOCUS ON GOAL
MINIMIZE UNCERTAIAINITIES
MAINTAIN EFFECTIVE CONTROL
INNOVATION AND CREATIVENESS
ORGANIZATIONAL EFFECTIVENESS
ECONOMIC IN OPERATION
FACILITATES COORDINATION
HELPS TO FACE TO FACE BUSINESS COMPLEXITY