Goals are also called as objectives.
Goals are desired outcomes or targets.
They guide management decisions and form the criteria against
which the work results are measured.
6. “To be world’s high performance benchmark independent oil
and gas company”
7. “To be a global transformation partner”
8. PLANNING PROCESS:
Planning is a process which contains number of steps within it.
Planning process differs from organization to organization and
from objective to objective.
With some minor modifications, process is applied for all types of
10. PLANNING PROCESS:
1. Situation analysis:
Manager should collate all the information relevant to a given
activity for which planning is to made.
Should analyze past experience, current trends and future scope.
Helps to bring the issues and problems related to activity to
11. PLANNING PROCESS:
2. Identification of opportunities:
The exact planning starts.
Identify the opportunity and carry out SWOT analysis.
If the organization gets positive result, it would pass on to next
stage, else the opportunity would be dropped.
12. PLANNING PROCESS:
3. Objective setting:
Represents the destination of an organization.
Objectives of an organization and various departments are fixed.
Timeline to finish the objectives are also fixed during this stage.
13. PLANNING PROCESS:
4. Planning premises:
Denotes the circumstances under which the planning will be
It represents the assumptions that are to be considered.
14. PLANNING PROCESS:
5. Determining alternative course of actions:
Requires imagination, foresight and ingenuity.
E.g. To improve productivity and organization can focus on
increasing wages or incentives or technology investment, etc.
15. PLANNING PROCESS:
6. Evaluation of alternatives:
Analyzing various aspects and results of all the alternatives.
Involves micro analysis of all the alternatives.
16. PLANNING PROCESS:
7. Selection of best alternatives:
After micro analysis, the best methodology is preferred for to
accomplish the goal of an organization.
17. PLANNING PROCESS:
8. Derivative plans:
Organization have to think about secondary or sub plans to
E.g. If an organization prefers to provide transport facility instead
of outsourcing, then it have to think about financial burden, etc.
18. PLANNING PROCESS:
9. Implementation of plans:
Communicating plan to all employees and providing instructions.
Deploying facilities like raw materials, man power, machinery,
Linking implementation with reward system and ensuring
19. PLANNING PROCESS:
10. Follow up:
Monitoring the consequences of implementation, so that
necessary corrective actions can be to fine tune the plan.