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Understanding Planning Types and Importance

The document discusses different types of planning including operational, strategic, tactical, and contingency planning. It describes the nature and importance of planning, comparing operational, strategic, and tactical planning and their differences. Planning is defined as the process of thinking about and organizing activities to achieve goals and is a primary management function.

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56 views11 pages

Understanding Planning Types and Importance

The document discusses different types of planning including operational, strategic, tactical, and contingency planning. It describes the nature and importance of planning, comparing operational, strategic, and tactical planning and their differences. Planning is defined as the process of thinking about and organizing activities to achieve goals and is a primary management function.

Uploaded by

vimar fabonan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

PLANNING

TARGETS
 discuss the nature of planning
 compare and contrast the different types of plans
 describe planning at different levels in the firm
 apply appropriate planning techniques and tools
 formulate a decision from several alternatives

Planning SLIDE
SLIDE
Lesson 4
01
PLANNING

- is the process of
thinking about and
organizing the activities
required to achieve a
desired goal.

Planning SLIDE
Lesson 4
02
NATURE OF PLANNING
PRIMARY FUNCTION
Functions of management largely depends upon planning. It provides
the basic foundation from which all future management functions
arise.
GOAL-ORIENTED
Plans arise from objectives. Objectives provide guidelines for
planning.

CONTINUOUS PROCESS
It is an on-going process of adapting the organization with the
changes in business..

FLEXIBLE
Planning selects the best alternatives based on certain assumptions.
There is a possibility of dead log in the functions of the management.
It has one more alternative to suit future situation.

MANAGERIAL FUNCTION
It is found at all levels and all departments of an organization. It
involves choosing the future course of action from among alternatives.
Why do we
need to plan?
IMPORTANCE OF PLANNNING
• Defective planning and inadequate planning leads to failure
of the organization
• Without plans, action must become merely random activity
producing nothing but chaos
• It improves future performance
• Minimizes risk and uncertainty
• Facilitates the coordination of activities
• Provides direction for action
• Set out standards for controlling
Planning SLIDE
Lesson 4
05
TYPES OF PLANS

1. Operational Planning
2. Strategic Planning
3. Tactical Planning
4. Contingency Planning

Planning SLIDE
Lesson 4
06
OPERATIONAL
PLANNING
- operational plans are
often described as single
use plans or ongoing
plans.

Planning SLIDE
Lesson 4
07
STRATEGIC
PLANNING
- It’s the foundational basis of
the organization and will
dictate long-term decisions.
The scope of strategic
planning can be anywhere
from the next two years to the
next 10 years. Important
components of a strategic plan
are vision, mission and values.

Planning SLIDE
Lesson 4
08
TACTICAL
PLANNING
- is a type of planning that
involves breaking down a
long-term strategic plan into
smaller and more distinct
short-term plans.

Planning SLIDE
Lesson 4
09
CONTINGENCY
PLANNING
- a plan devised for an outcome
other than in the usual
(expected) plan. It is often used
for risk management for an
exceptional risk that, though
unlikely, would have
catastrophic consequences.
Contingency plans are often
devised by governments or
businesses.
Planning SLIDE
Lesson 4
10

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