PLANNING

PLANWritten account of intended future course of action (scheme) aimed at achieving specific goal(s) or objective(s) within a specific timeframe.

a set of actions that have been thought of as a way to do or achieve something

PLANNING TERMINOLOGIES

BUSINESS PLANis a formal statement of a set of business goals, the reasons they are believed attainable, and the plan for reaching those goals.

documents used for planning out specific details about your business


BUSINESS PLANThe primary purpose of a business plan is to define what the business is or what it intends to be over time

It also acts as a management tool that can be referred to regularly to ensure the business is on course with meeting goals, sales targets or operational milestones


7 KEY COMPONENTS OF A BUSINESS PLAN1. Executive summary2. Business description3. Market strategies4. Competitive analysis5. Design and development plan6. Operations and management

plan7. Financial factors


GOALSdesired result a person or a system

envisions, plans and commits to achieve a personal or organizational desired end-point in some sort of assumed development

An observable and measurable end result having one or more objectives to be achieved within a more or less fixed timeframe



GOALS OBJECTIIVES

Definition

Something which you try to achieve

A specific result that a person or system aims to achieve within a time frame and with available resources.

Time Frame

Usually long-term.

A series of smaller steps, often along the way to achieving a long-term goal.


Magnitude

Typically involves life changing outcomes, like retiring, buying a home or making a major career change.

Usually a near-term target of a larger expected outcome, such as passing a course as part of completing a degree program.


Example“I want to retire by age 50”

“In order to reach my goal of retiring at age 50, I need to save $20,000 by the end of this year”

Hierarchy

Goals tend to control objectives; a change in a goal could eliminate one or more objectives, or add new ones.

An objective can modify a goal, but will seldom change it in a fundamental way, even if the objective isn’t reached.

TYPES OF GOALS( 3 LEVELS OF GOALS

IN THE ORGANIZATION)

1. STRATEGIC GOALS2. TACTICAL OBJECTIVES3. OPERATIONAL

OBJECTIVES

STRATEGIC GOALSGoals that determine the long range direction of the company.

statements of what you wish to achieve over the period of the strategic plan (e.g. over the next year, five years, ten years.)

TYPES OF GOALS

STRATEGIC GOALSthe milestone the organization aims to achieve that evolves from the strategic issues.

Statements of what you wish to achieve over the period of the strategic plan.

TYPES OF GOALS

STRATEGIC GOALSestablished to set direction, focus effort, define or clarify the organization, and provide consistency or guidance in response to the environment

TYPES OF GOALS

TACTICAL OBJECTIVESrepresent the interim steps or

milestones needed to achieve the long-term goals

immediate short term desired result of a given activity, task or mission, usually entrusted to the lower positioned management in a three-tier organization's structure of field or front desk, middle and executive management.

TYPES OF GOALS

TACTICAL OBJECTIVESSimply elaborates how the strategic goals will be accomplished.

TYPES OF GOALS

STRATEGIC TACTICALWhat / Why HowBig Picture Hands On

Long timeframe (3-5 yrs.)

Short timeframe (0 to 18 mos.)

Requires time to change course

Periodic course corrections

TYPES OF GOALS

OPERATIONAL OBJECTIVESdefine a clear, often measurable,

outcome of a business operation or process typically expected to be achieved within a single calendar or fiscal year.

Short-term goal whose attainment moves an organization towards achieving its strategic or long-term goals. Also called tactical objective.

TYPES OF GOALS

THE PLANNING PROCESS

PLANNING PROCESSThe development of goals,

strategies, task lists and schedules required to achieve the objectives of a business. The planning process is a fundamental function of management and should result in the best possible degree of need satisfaction given the resources available


1. Being aware of opportunities2. Establishment of objectives3. Establishment of Planning

Premises4. Choice of alternative course of

action5. Formulation of derivative

plans6. Securing Co-operation7. Follow up/Appraisal of plans


PLANNINGMethodic technique of looking ahead in order to meet work requirements and to reduce the amount of mental efforts required while the work is being done

A continuing processEmphasizes prevention rather than correction of delays .

PLANNINGIt involves a decision as to what should be done, how it should be done, where it should be done , and when it should be done

A continuing process’Emphasizes prevention rather than correction of delays .

PLANNINGProcess of identifying and selecting appropriate organizational goals and courses of action

part of management concerned with creating procedures, rules and guidelines for achieving a stated objective

Done under uncertainty.

VISIONstatement sets a dynamic and compelling view of the corporation at some point in the future

VISION

“The Polytechnic University of the Philippines envisions itself as a pre-eminent national and international leader in higher education and an innovative global powerhouse of quality and relevant education, dedicated to educating tomorrow's leaders and scholars through the highest quality learning experiences and growth in instruction, research and service to our country and the international community.”

MISSIONA statement that defines what the corporation does, who it serves, and how it serves (creates value for) its clients

MISSION “The mission of PUP in the 21st

Century is to provide the highest quality of comprehensive and global education and community services accessible to all students, Filipinos and foreigners alike. It shall offer high quality undergraduate and graduate programs that are responsive to the changing needs of the students to enable them to lead productive and meaningful lives.”

CHARACTERISTICS OF PLANNING

1.Goal-directed2.Primacy of Planning3.Pervasiveness of

Planning4.Efficiency of Plans

CHARACTERISTICS OF PLANNING

PLANNING

Leadership & Management

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