Planning Process..

Planning Process..

🖋️ Determine the objectives-First and foremost function of business is deciding objectives which we want to achieve whether we want to earn profit or doing social service & serve society.

🖋️ Establishment of the planning premises-In this step we forecast the future controllingis planning premises.It means base which we determine eg what are the demand of our product in future,which type of tastes of consumers changes in future,what are government policies in future etc these are forecast in planning premises.Success of business depends upon correctly determination of planning premises because we are already prepare for the conditions which will come in future.

🖋️Search of Alternative courses of action-Every work can be complete in many ways ,there are many alternatives ,for completing work in this step we search the available alternatives.

🖋️Evaluate the alternative-After searching alternatives we evaluate the every available alternatives in many ways .

🖋️ Selection of best alternative-After evaluate the various alternatives we select the  best option through which our work is completed in time with the minimum cost.

Planning in present for future.

🖋️ Formulation of sub plans-In this step we formulate the sub plan to fulfill main plan.eg business main plan is to attain profit so for profit we had to make plan for purchase department,sales department etc without these sub plans our main plan cannot be achieve.

🖋️ Sequence the activities-In this step we make sequence of activities in order they perform,after manage in sequence we perform it one by one.

🖋️ Follow up plan-In our last step we follow up our plan and in the end of year we compare our desired performance to actual performance if there are any deviation or failure in it we make changes in our planning.
     

 Types of Plan..

Objectives.

1)

Rules

2)

Strategy

3)

Policies

4)

Procedures

5)

6)

Good luck results of good planning 

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