MGT162 2024 Chapter 2 Planning PDF

PLANNING CHAPTER 2  Learning Objectives Concept of planning Benefits of planning Vision and mission statement Types of planning Barriers and overcoming the barriers to planning  Planning Definit...

PLANNING CHAPTER 2  Learning Objectives Concept of planning Benefits of planning Vision and mission statement Types of planning Barriers and overcoming the barriers to planning  Planning Definition Benefits Vision Mission Importance Types Barriers Overcoming Strategic Tactical Operational Standing Single use Policy Program Procedure Project Rules Budget Definition of planning The process of outlining the activities to achieve the goals of the organization. Determine the ways to achieve the goals. Benefits of planning  Benefits of planning A road map to help the Better coordination organization reach its goals Coordinate managers Focus on Forward of different functions Thinking and division Participatory Work More Effective Control Environment System Resources are Reduce Overlapping effectively and efficiently utilized Vision  Vision Refers to category of Identify the organization interactions that are broad, all future direction inclusive and forward thinking Vision statement describes where the organization want to be in the future UiTM Vision To establish UiTM as a premier university of outstanding scholarship and academic excellence capable of providing leadership to Bumiputeras’s dynamic involvement in all professional fields of world- class standards in order to produce globally competitive graduates of sound ethical standing. Mission  Mission Mission statement describes The means by which an what the organization needs organization can fulfill its to do now to achieve the purpose vision It is the purpose and reason for the existence of an organization UiTM Mission To enhance the knowledge and expertise of Bumiputeras in all fields of study through professional programmes, research work and community service based on moral values and professional ethics. Importance of Planning Establish culture Provide foundation Create goals Promote unity Helps allocate resources Help move from idea to action Addresses our basic need for direction Types of Planning  Planning Definition Benefits Vision Mission Importance Types Barriers Overcoming Strategic Tactical Operational Standing Single use Policy Program Procedure Project Rules Budget  Strategic planning Strategic planning is the process by which an organization makes decisions and takes actions that affect its long-run performance. Long-term planning by top management to determine the overall purpose and objective and how to achieve it. Apply broadly to the entire organization. Seek to position the organization in terms of its environment. Establish the organization’s overall objectives.  Provide direction to drive an organization’s efforts to achieve its goals.  Planning Definition Benefits Vision Mission Importance Types Barriers Overcoming Strategic Tactical Operational Standing Single use Policy Program Procedure Project Rules Budget  Tactical planning Tactical plan is designed to implement all goals set in the strategic plan. It outlines actions to achieve strategic plan. Specify the details of how the overall objectives are to be achieved. Apply to specific parts of the organization. Cover shorter periods of time. Must be updated continuously to meet current challenges.  Planning Definition Benefits Vision Mission Importance Types Barriers Overcoming Strategic Tactical Operational Standing Single use Policy Program Procedure Project Rules Budget  Operational planning Operational plan is designed to implement specific action steps to support strategic and tactical plan. It governs the day-to-day operations of an organization. Standing Plan  Standing plan Deals with the plan that recur frequently  Policy General guidelines for decision making within the organization  Procedure Plan that specifies how to proceed in a specific situation that routinely arises  Rules Detailed and specific regulation for action. Different between policy, rule, and procedure: A policy is a guiding principle used to explain the "way things are done around here". A rule is a statement about what to do, or not to do, in a specific situation. A procedure is a series of steps to be followed to accomplish an end result. Single-Use Plan  Planning Definition Benefits Vision Mission Importance Types Barriers Overcoming Strategic Tactical Operational Standing Single use Policy Program Procedure Project Rules Budget  Single use plan A plan that is used to meet the needs of a particular or unique situation.  Program Plan that govern a comprehensive set of activities designed to accomplish a particular sets of goals.  Project Plan that direct the efforts of individuals or work group towards the achievement of goals.  Budgets Plan that specify how financial resources should be allocated. Barriers to Effective Planning  Planning Definition Benefits Vision Mission Importance Types Barriers Overcoming Strategic Tactical Operational Standing Single use Policy Program Procedure Project Rules Budget Demands on the leader’s time Lack of commitment Resistance to change Inappropriate goals Lack of top management support Overcoming Barriers to Effective Planning Planning must be clear and definite Planning must be organized Involve employees in decision making Tolerate diversity of views Encourage strategic thinking THANK YOU