Professional Documents
Culture Documents
Stages
1. Goal setting: 2. Developing the planning premises: 3. Reviewing Limitations: 4. Deciding the planning period: 5. Formulation of policies and strategies: 6. Preparing operating plans: 7.Integration of plans: 8. Follow up measures
1. Goal setting
establishment of organizational or overall objectives is the first step objectives should be set in key areas of operations. they should be specified in clear and measurable terms. objectives are set in the light of the opportunities perceived Establishment of goals is influenced by the values and beliefs of executives, mission of the organization, organizational resources, etc.
1. Goal setting
objectives must be clear, specific and informative Major objectives should be broken into departmental, sectional and individual objectives. to set realistic objectives, planners must be fully aware of the opportunities and problems that the enterprise is likely to face.
3. Reviewing Limitations
several constraints or limitations affect the ability of an organization to achieve its objectives they must be anticipated and provided for. The key areas of Imitations are finance, human resources, materials, power and machinery.
7.Integration of plans
Different plans must be properly balanced so that they support one another. plans must be communicated and explained to those responsible for putting them into practice.
8. Follow up measures
A system of continuous evaluation and appraisal of plans should be devised identify any shortcomings or pitfalls of the plans under changing situations.