Presented To: Prof. Anuradha Gaikwad. MBA Unit, Shivaji University Kolhapur.
Plans are nothing Planning is every thing!
Definition: Planning is that function of management in which a conscious choice of patterns of influence is determined for decision-makers so that the many decisions will be coordinated for some period of time & will be directed towards the chosen broad goals. by Joseph.L.Massie.
Plan Is a pre-determined course of action. action. •It brings orderliness. •Avoids confusion. •Gives better use of resources. •Cuts waste.
Plans are changed or modified but not abandoned.
Types of Plans
Classification on the Basis of Use.
Single Use or One Time Plan It is specifically designed to meet the needs of a unique situation and is created in response to non-programmed decisions that managers make.
Standing Plans Ongoing
performed and are
created in response to programmed decisions that managers make.
Unique decisions that require a custom-made solution.
Programmed Decision A repetitive decision that can be handled by a routine approach.
Classification on the Basis of Functional Areas.
Subject Plans These plans are limited to one particular aspect of an organization organization’s ’s activates. Examples:
Classification on the Basis of Time.
Long –Term Plans Plans that are formulated to extend up to beyond five years.
Middle-Term Plans Plans
business into new markets or on sales.
Short Term Plans
Plans that are formulated to cover a period of less than one year.
Classification on the Basis of levels in the Org anization. anization. Organization.
Strategic plans These plans are organization–wide, establish overall objectives and position an organization in term of its environments.
Operational Plans Plans that specify details on how overall objectives are to be achieved.
Tactical Plans These plans are intended to achieve the tactical goals of an Organization. These are related to the departmental goals.
Planning is base for every business organization. without planning its difficult to succeed.