NATURE & SCOPE OF STRATEGIC COMPANY PLANNING SCOPE OF THIS TOPIC WHAT IS PLANNING WHY PLANNING STEPS IN PLANNING

ING TYPES OF PLANNING

PLANNING Planning is the starting point of the management process Planning is top management principle, which involve the process of: Defining Goals Establishing strategies for achieving goals Developing plans to integrate and co-ordinate activities.

PLANNING IS.. How To Best Meet Your Mission We must plan for the future, because people who stay in the present will remain in the past. Goals and Plans Goals: specify future ends. Desired future state.

Plans: specify the means to future ends. The blueprint for goal achievement specifies the necessary resource allocations, schedules, tasks Goals must be SMART: Specific Measurable Achievable, realistic and time frame.

Organizational Mission The Mission states the organizations values, aspirations, and reason for existence. The Mission Statement is the basis for all following goals and plans. Without a clear mission, goals and plans may be developed haphazardly causing the organization to fail. Strategic Goals and Plans Strategic Goals Apply to top management , pertain to the entire organization (not specific divisions and departments). Strategic Plans define the action steps the company will use to attain strategic goals. Tactical Goals and Plans Tactical Goals apply to middle management and describe what major subunits must do to to enable the organization to meet its strategic goals. Tactical Plans: Help execute major Strategic Plans. Cover a shorter period of time. Operational Goals and Plans Operational Goals: the specific results expected of small units, workgroups, and individuals. Operational Plans: developed at the lower levels of an organization to specify actions required to achieve operational goals and to support tactical plans. PURPOSE OF PLANNING Planning gives directions Planning reduce the impact of change Planning minimizes the wasteful of activities Planning also set standards or control process Planning reduces uncertainty Planning establishes goals

TYPES OF PLANNIG 1- strategic plan The plan that applies to entire organizations overall goals and seek to position the organization in terms of its environment Generally, strategic planning deals with "What do we do?" "For whom do we do it?" "How do we excel?" 2- operational plan The plan that specify the detail of how the overall goals to be achieved 3- Long term plan The plan with a time frame of beyond three years 4- Short term plan The plan with a time frame below 1 year 5-Specific plan The plans that are clearly defined and that leaves no room for interpretation 6- Directional plan The plan that is flexible and set out general guidelines 7- Single use plan Single-use plans are developed to achieve objectives that are not likely to be repeated in the future, and design to meet the need of unique situation. Single-use plans include programs, budgets and projects. 8- Standing plan Standing plans are used to provide guidance for tasks performed repeatedly within the organization. The primary standing plans are organizational policies, rules, and procedures

Steps in planning process Review of the organizational mission Evaluation of available resources Write down the goals and communicate them to all who need to know Review of results whether the goals are achieved or not Successful Planning Process Everyone participates Board and staff educated about planning Board and staff explore new ideas Board takes advantages of opportunities Necessary resources available Making Planning Effective Linked to Long term objectives Consistency Everyone participates Feasible Flexible Simple Top Management Support

PLAN YOUR WORK WORK YOUR PLAN