3_1s - PLANNING Dr. M. Thenmozhi Professor Department of...

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Unformatted text preview: PLANNING Dr. M. Thenmozhi Professor Department of Management Studies Indian Institute of Technology Madras Chennai 600 036 E-mail: mtm@iitm.ac.in PLANNING • Planning is deciding in advance what to do, how to do it, when to do it, and who is to do it. Planning bridges the gap from where we are to where we want to go. It makes it possible for things to occur which would not otherwise happen.- Koontz & O’Donnel • Planning is a function that determines in advance what should be done. It consists of selecting the enterprise objectives, policies, programmes, procedures and other means of achieving these objectives. In his planning, the manager must decide which of the alternative plans are to be followed and executed. Planning is intellectual in nature. It is a mental work. It is thinking ahead and preparing for the future.- Theo Haimann Who does planning • Characteristics of Planning 1. Intellectual process 2. Goal oriented 3. Pervasive 4. Pervades all managerial activity 5. Directed towards efficiency 6. Integrated process • Essentials of an ideal plan – Clarity – Simple – Flexible – Balanced – Optimum use of resources etc. •...
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3_1s - PLANNING Dr. M. Thenmozhi Professor Department of...

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