Quick Answer: What Is Planning And Example?

What is planning explain?

Planning is the process of thinking about the activities required to achieve a desired goal.

It is the first and foremost activity to achieve desired results.

It involves the creation and maintenance of a plan, such as psychological aspects that require conceptual skills..

What is Plan and its types?

Plans commit individuals, departments, organizations, and the resources of each to specific actions for the future. … Three major types of plans can help managers achieve their organization’s goals: strategic, tactical, and operational.

What is basic planning?

PLANNING  Planning is preparing a sequence of action steps to achieve some specific goal  If you do it effectively, you can reduce much the necessary time and effort of achieving the goal. …

What are the 5 steps in the planning process?

The Planning Process: Five Essential StepsStep 1 – Establish Your Objectives. To navigate the road to retirement, you must first map out your destination. … Step 2 – Determine Your Investment Style. … Step 3 – Evaluate Investments. … Step 4 – Choose an Appropriate Investment Plan. … Step 5 – Execute and Periodically Examine the Plan.

What are the basic elements of planning?

The Elements Of Planning* Objectives. Objectives are statements of future conditions, that a manager hopes to achieve. … * Actions. Actions are the means, or specific activities, planned to achieve the objectives. … * Resources. Resources are constraints on the course of action. … * Implementation.

What are the 3 types of planning?

There are three major types of planning, which include operational, tactical and strategic planning. A fourth type of planning, known as contingency planning, is an alternative course of action, which can be implemented if and when an original plan fails to produce the anticipated result.

What is the main function of planning?

1. Planning is the most basic of all managerial functions – Planning precedes all executory functions like organizing, directing, staffing, and controlling. 2. Planning preconceives an objective – Every plan specifies the objectives to be attained in future and steps necessary to reach them.

What is planning in life?

Life planning helps in planning for those goals that can bring meaning and happiness to our lives, instead of focusing on achieving just the monetary goals. … We focus on these and plan and save to achieve them over a period of time.

What are the steps of planning?

The steps in the planning process are:Develop objectives.Develop tasks to meet those objectives.Determine resources needed to implement tasks.Create a timeline.Determine tracking and assessment method.Finalize plan.Distribute to all involved in the process.

What is a framework plan?

A Framework Plan is a high-level and broad strategy that will: Set out the future vision for the area. Guide sustainable future growth and development over the next 30 years. Identify the steps needed to manage growth.

What is good planning?

It is Based on Clearly Defined Objectives: A good plan is based upon clear, well-defined and easily understood objectives. General objectives like improving morale or increasing profits are ambiguous in nature and do not lend to specific steps and plans.

What is the important of planning?

The planning process provides the information top management needs to make effective decisions about how to allocate the resources in a way that will enable the organization to reach its objectives. Productivity is maximized and resources are not wasted on projects with little chance of success.

What are the three steps in the planning process?

The planning processing has three essential steps – Determining missions and goals, Formulating the strategy, and finally Implementing the strategy.

What is planning and its function?

Planning means looking ahead and chalking out future courses of action to be followed. It is a preparatory step. It is the basic management function which includes formulation of one or more detailed plans to achieve optimum balance of needs or demands with the available resources. …

What are the 4 types of planning?

The 4 Types of PlansOperational Planning. “Operational plans are about how things need to happen,” motivational leadership speaker Mack Story said at LinkedIn. … Strategic Planning. “Strategic plans are all about why things need to happen,” Story said. … Tactical Planning. … Contingency Planning.

What are six planning tools?

Techniques Chapter 5 I read that the six planning tools and techniques are forecasting, contingency planning, scenarios, benchmarking, participatory planning, and goal setting.