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Organizing
Leading Planning
Controlling
PLANNING
Well plan is half done.
Planning is a mental predisposition to do things in orderly way, to think before acting and to act in the light of facts rather than guesses. Planning is deciding best alternative among others to perform different managerial functions in order to achieve predetermined goals. Urwick
According to Koontz & ODonell, Planning is deciding in advance what to do, how to do and who is to do it. Planning bridges the gap between where we are to, where we want to go. It makes possible things to occur which would not otherwise occur.
Better Focus
Improves Coordination Basis for Control
Improves Effectiveness
Types Of Plans
Long term & Short term Formal & Informal Plans Proactive & Reactive Plans Strategic & Operational Plans
Consistency
Everyone participates
Feasible
Flexible Simple Top Management Support
What Is an Objective?
objective are goals, aims or purposes that organisation wish over varying periods of time
A method whereby managers and employees define objectives for every department, project, and person and use them to monitor subsequent performance.
Advantages
Better communication and Coordination Frequent reviews and interactions between superiors and subordinates. Motivation Involving employees in the whole process of goal setting and increasing employee empowerment. Clarity of goals. Subordinates tend to have a higher commitment to objectives.
Disadvantages
The development of objectives can be time consuming, leaving both managers and employees less time in which to do their actual work. The elaborate written goals, careful communication of goals, and detailed performance evaluation required in an MBO program increase the volume of paperwork in an organization.