This article throws light upon the top five steps involved in the process of planning in an organisation. The steps are: 1. Establishing Goals (or Setting Objectives) 2. Determining where the Organisation or Subunit Stands Relative to the Goal 3. Developing Planning Premises 4. Choosing from Alternatives 5. Developing Methods to Control the Operation of the Plan. Step # 1. [...]
This article throws light upon the five key benefits of planning in an organisation. The benefits are: 1. Planning is related to performance 2. Plans focus attention on objectives 3. Plans help eliminate uncertainties and anticipate problems 4. Plans provide guidelines for decision making 5. Plans are necessary to facilitate control. Benefit # 1. Planning is related to performance: There [...]
This article will help you to learn about the comparison between plan and planning. Management theorists often draw a distinction between plans and planning. Plans are simply statements of the things to be done and the sequence and timing in which they should be done in order to achieve a given end. But planning involves: (i) Deciding on aims and [...]