Class_10 - PLANNING "I LOVE IT WHEN A PLAN COMES...

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PLANNING “I LOVE IT WHEN A PLAN COMES TOGETHER”
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ORGANIZATIONS DO NOT HAVE THE LUXURY OF NOT PLANNING IT NEEDS TO BE DONE, AND DONE WELL. PLANNING : PROCESS OF DECIDING WHAT NEEDS TO BE DONE TO ACHIEVE ORGANIZATIONAL OBJECTIVES, IDENTIFYING WHEN, HOW AND BY WHOM WILL IT BE DONE.
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TYPES OF PLANS o STRATEGIC PLANS TACTICAL PLANS OPERATIONAL PLANS CONTINGENCY PLANS
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THE “TEN” RULE AND PLANNING THE “TEN” RULE DEMONSTRATES THAT ALL COMPANIES ARE INVOLVED IN THREE STAGES OF ACTIVITY… PLANNING IMPLEMENTATION DELIVERY THE THREE STAGES IMPACT EVERYTHING WE DO THERE IS A COST ASSOCIATED WITH EACH STAGE THE COST INCREASES IN MULTIPLIERS OF “10”
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FOR EXAMPLE TO INTRODUCE A NEW PRODUCT THE COMPANY MUST PLAN MARKETING AND MANUFACTURING ACTIVITIES $5 AFTER PLANNING RESOURCES MUST BE ASSIGNED TO THE PRODUCT (PLANT, LABOR) $50 AFTER PRODUCTION IT’S DELIVERY TO THE CUSTOMER $500
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STRATEGIC PLANS 3-5 YEARS, EVEN 10 YEARS OVERALL DIRECTION OF THE COMPANY WRITTEN BY TOP MANAGEMENT DEFINES THE “WHAT” OF THE COMPANY
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Class_10 - PLANNING "I LOVE IT WHEN A PLAN COMES...

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