3_1 - PLANNING M Thenmozhi Associate Professor Industrial...

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PLANNING M Thenmozhi Associate Professor Industrial Management Division Indian Institute of Technology Madras Chennai 600 036 e-mail< mtm_iitm@yahoo.com >
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FUNDAMENTALS OF PLANNING Management functions as pointed out earlier, are classified as Planning, organizing, staffing, directing and controlling. Planning Function of management proceeds others. Without setting a goal to be reached and lines of action to be followed, there is nothing to organize, to direct, or to control in the organization. However this should not lead one to hold the view that planning is an isolated activity required in the beginning only. This is a continuous and unending process to keep the organization as a going concern and other functions are also performed simultaneously.
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PLANNING DEFINED Planning involves the determination of future course of action, that is why an action what is to done, how to de done and when to be done . The answers to all such constitute the planning function. Why an action at all is to be undertaken reveals that action has some objectives are and targets which are decided at the initial stage. When action are to be taken action correlate actions with objectives.
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PLANNING DEFINED How and when to be done generate policy ,program ,procedure, budgeting and other related elements. Planning bridges the gap from where we want to go. It makes possible for things occur which would otherwise not happen.
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OBJECTIVES AND IMPORTANCE OF PLANNING All the managerial; acts depend on planning .It provides guide line to all functions. Moreover when all the functions are performed it gives a certain result this is compared with the planned result. To ensure that the organizational objectives are being archived. Better planning ensures the better utilization of the organization. Thus it is not important in the organization point of view. But also to the society as a whole.
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OBJECTIVES AND IMPORTANCE OF PLANNING In an organization planning is important in the following manner: 1.To Offset uncertainty and change 2.To focus attention on objectives. 3.To help in coordination. 4.To gain economy in operation. 5.To Help in control.
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OBJECTIVES AND IMPORTANCE OF PLANNING Types of plans: Objectives : Objectives or goals are the end which towards the activity is aimed. A board objective States the purpose of the entire organization. The process of objective setting is directed by management and it is the first step in planning. The importance of clearly defines objective is well recognized because clearly defined objective make clear to every individual in the organization vat they are expect to achieve some new technique of management such as management by objective and self control are applied only when objectives are clear and precise.
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POLICIES Policies are general statements or understanding which provides guidance in decision making of the subordinate. Both objectives and policys are lead to guidance for action but
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This note was uploaded on 01/20/2012 for the course MANAGEMENT 1 taught by Professor Prof.m.thenmozhi during the Fall '11 term at Indian Institute of Technology, Chennai.

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3_1 - PLANNING M Thenmozhi Associate Professor Industrial...

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