Essential of Planning and Mgmt

by Obj
Types of Plans
Missions or purposes
Basic function or task
Objectives or goals
The ends toward which activity is aimed
Strategies
Long term objectives
Policies
Guidance of channelized thinking in decision making
Procedures
Method of handling activities
Rules
Specific required action
Programs
Complex of resources to carry out a given course of action
Budgets
Statement of expected results expressed in numerical terms
Steps in Planning
1. Being aware of opportunities
2. Establishing Objectives
3. Developing premises
4. Determine alternatives
5. Evaluating alternatives
6. Selecting a course
7. Formulating derivation plans
8. Quantifying plans by budgeting

Objectives
Hierarchy
Multiplicity
Top down / bottom up approaches
Setting Objectives (the SMART way)
Verifiable vs Non verifiable objectives
SMART Objectives
Try writing a SMART objective


Management by Objectives
A comprehensive approach to achieve individual and
organizational objectives
Benefits
Result oriented planning
Clarification of roles and responsibilities
Commitment to goals
Effective controls development
Weaknesses
Organization wide understanding of the concept
Verifiable goals VS the right degree of flexibility
Emphasis on short term goals VS compromise on long term
goals
Using numbers where they are not applicable
Case Study
MBO