A-topic 1

• A Plan is a set of future activities

  intended/develop to achieve certain

  objectives and or goals. A plan is the

  detailed activities to which projects,

  strategies and or propositions are highly

  dependent.
• what is the 2 terms of plan

  short term and long term
• six stages of planning?

  • Defining Objectives
  • Develop Premises
  • Evaluate Alternatives
  • Identify Resources
  • Establish Tasks
  • Tracking and Monitoring Methods
• Goal/objectives definition is the most

  crucial step in the entire planning

  process. In this stage, the vision-mission

  of the organization is considered in order

  to determine what to be accomplished

  during the planning period.
• Developing Premises

  In planning, practitioners are required to

  make some assumptions. These

  assumptions (what if) pertains to the future.


  Premises could be from the external

  environment which includes but not limited

  to laws and regulations, product acceptance, demand, supply, competitor’s behaviour as

  well as technology while internal premises
• In this stage, other means to achieve the

  set goals are considered. Managers

  should identify all possible options and

  evaluate those options in terms of

  implementation and success factors

  Evaluation of Alternatives
• In this process, all resources needed for

  the implementation of the plan are

  identified.

  Identify Resources
• Plan and Implement Tasks


  In this stage, managers will design a

  blueprint in terms of the directions on

  how the organization will lead to

  achieving their goals.
• TRACKING AND MONITORING METHODS


  In this stage, managers should identify which tasks are

  critical and given more importance and priority, which

  tasks will most likely meet some of the premises and

  which tasks could hindrance the smooth flow of the

  entire planning process
• the first basic function of management?

  Planning