So, necessary help is to be taken from experts. 1.. All following elements have been identified as important to supporting school’s level of involvement with law enforcement EXCEPT: A. So, uniformity must be there in all levels of planning to match the general plan. The essence of planning is the choice among alternative courses of action. These, in turn, are supported by the specific objectives for the departments. Therefore, it is to be seen that what is expected is likely to be achieved. A business plan should do all of the following EXCEPT:? c. Executing the BOM for materials at the top level of the BOM. Financial Planning: it’s Meaning, Importance and Elements – Discussed! Planning involves all of the following EXCEPT: C. Determining rewards for goals achievement _______________ involves analyzing a situation, determining goals to be pursued and deciding upon the actions that will be taken to achieve these goals. All taxes, except payroll, paid to the appropriate government institutions. The quality of planning depends upon the abilities of the managers who are required to collect all relevant facts, analyse and interpret them in a correct way. Some of the most successful corporations started in garages, and through planning became industry giants. Focusing on your mission each day should enable you to reach your vision. A plan involves varied factors of different importance. When planning action is taken, these objectives are made more concrete and meaningful. From this definition it follows that the planning process involves: (i) The determination of appropriate goals and objectives, (ii) The specification of the actions needed to reach the established objectives; and. They are the beliefs you have that will enable you to achieve your vision and mission. A local competitor with ties to non-local customers could be facing a financial situation, giving this business an opportunity. It anticipates future events and sets the course of action to control these events to one’s advantage. What's the Difference Between Vision, Strategy and Tactic? This will help in selecting the most favourable alternative. Planning is a mental exercise involving imagination, foresight and sound judgement. This principle implies that more emphasis has to be put on that factor which is scarce or limited in supply or extremely costly. It should be as flexible as possible to accommodate all possible changes in the enterprise with a view to coping with the changing conditions in the market. A project involves basically the investment of funds, the benefits from which can be accrued in future. This understanding provides the basis for additional knowledge about new facts and matters to the employees. A particular objective can be achieved through various actions. For preparation of such a plan, a definite process involving the following steps has to be followed: The manager must first identify the opportunity that calls for planning and action. This is why there must be a follow-up system in the planning process itself. Again, planning for purchase of raw materials, employment of labour, etc. Planning ensures organisational effectiveness in several ways. Objectives specify the results expected in measurable terms and indicate the end points of what is to be done; where the primary emphasis is to be placed, and what is to be accomplished by various types of plans. It is the job of all managers in all types of organisation. Read this article to learn about Planning in an Organisation. Innovation is a necessity for its sustaining growth in this dynamic world. Each objective should be as SMART as possible: Specific, Measurable, Achievable, Realistic, and Time-based. Though major planning function is entrusted to the top management, it is not restricted to the top level only. If another competitor is trying to expand its customer base, it is a threat as well. The RBS is contained in the risk management plan. The language of the work schedule or programme in the planning should be simple so that each and every part of it may easily be understood by the employees at different levels, specially at the lower level. Strategies thus may be internal and external. As the planning proceeds step by step, it foresees the changes likely to come and accordingly prepares its programme by necessary adjustments and adaptation. A. The commercialization of health is all that. After reading this article you will learn about:- 1. Alternative courses of action can be evaluated against the criteria of cost, risks, benefit and organisational facilities. B. Some important definitions of planning, given by the eminent authors are stated below: According to Koontz and O’Donnell, planning is “an intellectual process, the conscious determination of courses of action, the basing of decisions on purpose, facts and considered estimates.”, “By means of planning management members try to look ahead, anticipate eventualities, prepare for contingencies, map out activities and provide an orderly sequence for achieving the objective.”, “The plan of action is, at one and the same time, the result envisaged, the line of action to be followed, the stages to go through, and methods to use.”. But all plans must contribute in a positive way towards the achievement of the enterprise objectives. and assigning definite duties to each part. Then he proceeds to prepare a kind of ‘blueprint’ mapping out the ways of attaining these objectives. So, the first plan must follow the second plan and the second plan the third and so on in never-ending series in quick succession. Different plans are inter-dependent and inter-related. The objectives are defined in more concrete, precise and meaningful terms. b. eliminating unnecessary motions. Planning requires scientific thinking and it should spell out in clear terms the definition of the purpose, analyse the problem and make a careful and diligent search for all the facts bearing upon it. Elements of Planning: Planning as a managerial process consists of the following elements or components: 1. Based on the plans at various levels, it can be decided who will do what and at what time. Want to Understand the Basic Job Description and Duties of a Manager? d. All the above are basic elements Ans: d Difficulty: Moderate Feedback: Project Planning Short Answer 82. The amount of detail depends on the amount of flexibility you want your managers and team to have. In a big enterprise, various policies are formulated for guiding and directing the subordinates in different areas of management. Planning has no meaning without being related to goals and objectives. How far into the future a manager can see and with how much clarity he will depend on his intellectual calibre, are chalked out through planning process. The Joint Fires Element can be overwhelmed and the lethal targeting and fires function can be diluted if given staff responsibility for planning and integrating all nonlethal actions (e.g., reconstruction, engagement, reconciliation, etc. In such a case, the manager may choose more than one alternative at the same time. The break-down of the master plan into departmental and sectional plans provides a realistic picture of the actions to be taken in future. A plan is essentially today’s design for tomorrow’s action and an outline of the steps to be taken in future. A plan without a vision is just drudgery. Product. Planning concentrates attention on the objectives of an enterprise. Truly speaking, planning as a whole with its component parts is the outcome of decision-making. External premises include total factors in the environment like social, political, technological, competitors’ plans and actions, government policies, etc. Thus, control is exercised in the context of planning action as the standards against which actual results are to be compared are set up through planning. Planning is said to be the most basic and primary function of management. Risk appetite B. Forecasting : Roles, Steps and Techniques | Management Function. Fire Up Your Strategic Framework for Your Organization's Success, You Can't Be a Real Leader Who People Want to Follow Without Vision. Default protocols to be followed across projects. d. Choosing the planning strategy for the BOM. But these different policies are co-ordinated and integrated in such a way that they ensure easy realisation of the ultimate objectives of business. After the evaluation of various alternatives, the most appropriate one is selected as the plan. For successful implementation of a plan, it must be communicated to all levels of the organisation. Question 4 All of the following elements are part of an organization’s vision EXCEPT _____. The plans are formulated in the light of both external and internal factors. The rules prescribe a definite and rigid course of action to be followed in different business activities without any scope for deviation or discretion. e. Generating multiple BOMs for … The nature and characteristics of planning may be stated as follows: Planning is an intellectual and rational process. It requires a mental disposition of thinking before’ acting in the light of facts rather than guess. Every manager is required to plan first for systematic and orderly performance of his assigned duties. This decision signifies that a definite action must be taken in respect of a specific situation. Steps 6. In the course of execution of a plan, certain obstacles may crop up in midway and planning may require revision, alteration or correction. Key elements of a project quality plan are controls that let you ensure the standards are being met and work is progressing toward reaching your objectives. Question 15 – You work for a large manufacturing plant and you are working on a new project to release a new product line of toothpaste and salt. Harley-Davidson's vision statement focuses on keeping its brand internationally known and valued, using the combined power of its stakeholders and employees to drive value and innovation: While a vision describes how you view your business to your customers and stakeholders, a mission statement describes what you do currently. Thus, planning and budgeting are inter-linked. Copyright 10. The next step in the planning process lies in the setting up of objectives to be achieved by the enterprise in the clearest possible terms keeping in view its strength and limitation. This set of goals usually starts three years out and extends to around five years into the future, directly aligning with the mission and vision statements. As a managerial function, planning is important for the following reasons: The first and most important reason for planning lies in the fact that it provides a basis on which decisions are made. Planning is a preparatory step for action. This gives the planning exact, definite, and accurate meaning in its scope and content. It is a function of every manager at every level in the organisation. Any mistake or error in planning is sure to upset other functions of management and, thus, precision is of utmost importance in every kind of planning. Rule is related to parts of a procedure. The project scope planning processes include all of the following EXCEPT: how the business case will be created. all of the above: assessments depict progress toward accomplishing the mission assessments inform cc's intent, guidance for design and planning, prioritization, and execution. Thus, a company may have a programme for the establishment of schools, colleges and hospitals near about its premises along with its expanding business activities. assessments answer what happened, why it happened, and what we need to do to improve. These involve reflective thinking which signifies problem-solving thought process—a process by which past experiences are superimposed on the facts of the present situation and possible future trends. At a minimum, the EAP must include the following elements: • ways to report fires and other emergencies Planning leads to achieve a coordinated structure of operations. TRUE A typical change request form will include which of the following content items? There may be some confusion between policies and procedures. How (and Why) to Foster Employee Satisfaction, How to Answer Interview Questions About Your Career Goals. autonomous establishment of specific objectives by department members The commitment concept relates to the ________ of plans. Important Strategic Planning Skills for Workplace Success, Here Are Some Keys to Make Strategic Planning Implementation Work, How to Implement a Long-Term Remote Work Plan, Understand Team Culture and the Role of Clear Expectations in Success, Use These Tips to Build an Organization Based on Values. Through this system of monitoring and control, customer requirements will be met and the product or process variation will be reduced. A business's strength could be its ability to attract local customers, while its weakness might be an inability to break into a non-local consumer base. Welcome to Sciemce, where you can ask questions and receive answers from other members of the community. Service and/or Product Line: In this section describe your service and product. Customer needs must be met before wishes. It allows you to spot and name the important aspects, happenings, and adversaries of your business. Policies are statements or principles that guide and direct different managers at various levels in making decisions. A good system of planning should be responsive to the opportunities for innovation. All of the following would be important elements of management by objectives (MBO) EXCEPT the _____. C. establish a strategy for acquiring sufficient funds. These derivative plans are formulated out of the main plan and so they support it. 18. Planning decides the future course of action and involves choosing it from alternatives. Planning is a function of every manager at every level in an enterprise. The task of planning will be well-accomplished if some fundamental principles are followed in the process. Planning also requires laying down of policies for the easy realisation of the -objectives of business. Core Values. Dan McCarthy wrote about management and leadership for The Balance Careers. Planning is not an easy task. Whatever be the nature of activity, management starts with planning. Since there are so many complex variables connected with each goal and each possible plan, the process of comparative evaluation is extremely difficult. Business planning has become imperative due to the fact that an enterprise operates in a changing and dynamic environment. c. A plan is prepared against some foundations or backgrounds known as ‘Planning Premises’. Though a plan is prepared after reflective thinking, this does not mean that no departure can be made in the course of its operation. It provides a unifying framework. Risk threshold C. Risk urgency D. Risk tolerance. So decision-making has a pervasive influence upon planning and it is a part of the planning process. Programmes, thus, lead to a concrete course of inter-related actions for the accomplishment of a purpose. Budget means an estimate of men, money, materials and equipment in numerical terms required for implementation of plans and programmes. For example, production planning depends upon sales planning—and vice versa. C. This enables the businessman to concentrate upon those matters which are actually relevant and vital to business success. Any deviation of rule entails penalty. C. Data precision rankings. The amount of salary managers are paid usually depends on the value of the person's work to the organization and how well the person is: a. accepted by customers b. influencing the board exercising managerial authority d. discharging responsibilities 11. Each objective should have a plan that details how it will be achieved. Figure 2.2 “The Strategic Planning Process” and Figure 2.3 “Elements of a SWOT Analysis” show examples of internal and external factors and in a SWOT analysis. It is an immense need for the managers of an enterprise to fix up their minds as to what they want to accomplish and then plan the use of time, resources, and efforts towards the achievement of their objectives. Forecasting provides a logical basis for anticipating the shape of the future business transactions and their requirements as to man and material. This, no doubt, eliminates or reduces the possibility or jumping into uncertainties. a. a specific worksite layout b. structural features c. community response d. emergency systems What are the components of an effective Emergency Action Plan? ). It must be based on clearly defined objectives. It is part of the job that needs to be done in connection with the general programme. After the best alternative is decided upon, the next step is to derive various plans for different departments or sections of the organisation to support the main plan. Capital . Changes must necessarily be effected in the plan for taking into account new developments that may take place in the course of the operation of the plan. Most managers can benefit from having a strategic plan. While much more is often included in the plan, these seven elements will help you get started. All of the following are part of the planning function EXCEPT: a. Analyzing a situation. All planning is linked up with certain goals and objectives. Preliminary criteria can be defined in several ways— minimum investment required, matching with the present business of the organisation, control by the government, etc. Alternative course of action may be required to be undertaken in future in changed situations. Sales. In planning, the manager evaluates the alternatives on the basis of efficiency. However, without setting the objectives there is nothing to organise, direct or control. Production procedure involves manufacturing and assembling of parts; sales procedure relates to advertising, offering quotations, securing and execution of orders; purchase procedure indicates inviting tenders, selecting quotations, placing orders, storing the goods in go-down and supplying them against requisition to different departments and personnel procedure is the recruitment, selection and placement of workers to different jobs. What is the Importance of Planning in Management? Decision-making is required not only in planning, it is also necessary in other areas of management functions such as organising, direction, co-ordination, and control. Planning as a managerial process consists of the following elements or components: The important task of planning is to determine the objectives of the enterprise. The process of planning generates the purposeful and orderly setting up of activities to be carried on. In fact, planning is a dynamic activity. Explanation: Portfolio planning is an element of the strategic plan. So, the planner must also be ready with alternative—normally known as contingency plan— that can help coping up with the changed situation. D. the location in which the firm intends to operate. ... (WBS) is a framework that will be used as a basis for further planning activities including all the following EXCEPT: Sound planning inter-relates all the activities and resources of an organisation. Planning is concerned with the establishment of objectives of an enterprise and finding out the way of realisation of those objectives. Planners must take into account the strategies of the rival organisations, otherwise the planning projection may land them in trouble. B. include estimates of income and expenses. A mission statement could broaden your choices, and/or narrow them. 9. The nature of the business that the organization is engaged in. Above all, no planning can proceed without forecasting—which means assessing the future and making provision for it. Thus, procedures mean definite steps in a chronological sequence within the area chalked out by the policies. B Explanation: B) The planning phase includes analyzing the situation, gathering information, … Long-term goals are statements that drill down a level below the vision and describe how you plan to achieve it. Through planning, the manager fixes the objectives of the organisation as a whole and, in the light of this, the goals of its various departments. For example, if an organisation has set its objective to grow further, it can be achieved in several ways like expanding the field of business or product line, joining with other organisations, or taking over another organisation, and so on. Procedures outline a series of tasks for a specified course of action. In other words, procedures are the methods by means of which policies are enforced. The key elements of the benefits management plan are all of the following EXCEPT Benefits owner. The character and breadth of planning will, of course, vary from one job to another—depending on the level of management. They all merge into a single programme and act as a guide for the whole concern. However, to plan any kind of work, the following facts demand utmost attention: (i) The nature, quality and quantity of work to be done, the best way of doing it, the time available for its accomplishment, how to do it, when it is to be done and who are to do it. Plans must be communicated in greater details to the subordinates to increase their understanding of the proposed action and for enlisting their co-operations in the execution of plans. None can be a planner whose mind is not active, who does not possess any deliberate power and whose sense of judgement is not strong. before proceeding with the work. Planning pervades all managerial activities. D. include an analysis of the competition. Similarly, in respect of sales procedure, rule may be enforced that all orders should be confirmed the very next day. It also ensures an obligation of the personnel of the enterprise to execute the plan by individual and joint participation. The Walt Disney Company does this: Note that the statement is both aspirational (“is to…”) and descriptive of what they do and how they do it ("through the..."). Planning is neither poetry nor philosophy. To keep the enterprise as a going concern without any break, it is essential that planning must be a continuous process. Question 2. Principles. Elements of the objective matrix in the development of strategies include ____. A rule specifies necessary course of action in a particular situation. But, decision-making has a wider connotation than planning. This is needed for improvement in the quality of planning. Planning is a structured process and different plans constitute a hierarchy. ... A mission statement should reflect all of the following, EXCEPT: a. The next step in planning process is to search for various alternative courses of action based on the organisational objectives and planning premises. It is a scheme for investing resources which can be analysed and appraised reasonably and independently. It means systematized pre-thinking for determining a course of action to achieve some desired result. It must bridge the gap between where we are and where we want to go at the minimum cost. It defines the boundaries within which the business should operate. As such, it should communicate that dream to your employees and customers in an inspirational manner. But sectional plans cannot but be inter-dependent. It’s been said that “A vision without a plan is just a dream. Privacy Policy 8. A good mission statement should incorporate all of the following elements EXCEPT A. the customers the firm will serve. It also serves as a very important control device by measuring the performance in relation to the set goals. Elements 5. Planning focuses on efficiency and economy in operation. Disclaimer 9. The plans for achieving your short-term goals are your action plans. Risk attitude consist of all the following elements except for which one? There may be separate plans prepared in different levels in the organisation, but all the sub-plans must be united with the general plan so as to make up a comprehensive plan for operation at a time. (iii) The priority to be given in succession for the accomplishment of different tasks through careful analysis. Healthcare organizations have multiple markets or customers. Timing and sequence of operations determine the starting and finishing time for each piece of work according to some definite schedule and give practical and concrete shape and form to work performance. Importance 4. Sometimes evaluation shows that more than one alternative are equally good. Planning is basically a problem of choosing. 29. It is based on facts and experience, and thereby realistic in nature. Image Guidelines 5. Differences between or among stakeholders should be resolved in The different departments may formulate different plans and programmes for their integration in the overall planning. Planning is basically related with this aspect. Budgets for various periods can be prepared to make plans more concrete for implementation. They are the beliefs you have that will … place. The manner in which each work has to be done is indicated by the procedures laid down. Supporting school ’ s design for tomorrow ’ s internal work style and communication preferences into single. Enforced that all purchases must be in writing, kept in the plan. Planning involves selection of suitable course of operations of an enterprise is part the! 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