Organization and Management Planning Slides PDF

Organization and Management SLIDES FOR TOPIC 5 Topic 5: Planning Prepared by: Sir Michael S. Yanga and Sir Jhonnel M. Azarcon The Nature and Purpose of Planning PLANNING The act of determining the organization’s goals and the means for achieving them....

Organization and Management SLIDES FOR TOPIC 5 Topic 5: Planning Prepared by: Sir Michael S. Yanga and Sir Jhonnel M. Azarcon The Nature and Purpose of Planning PLANNING The act of determining the organization’s goals and the means for achieving them. GOAL A desired future state that the organization attempts to realize. PLAN A blueprint specifying the resource allocations, schedules and other actions necessary for attaining goals. The Importance of Goals & Plans 1. LEGITIMACY 2. SOURCE OF MOTIVATION 3. GUIDES TO ACTION 4. RATIONALE FOR DECISIONS 5. STANDARD OF PERFORMANCE  The Hierarch y of Vision and Plans Mission Objectives Strategies Procedure s Rules Programs: major or minor and supporting Budget  The Hierarchy of Plans Mission or Purpose. The reason for existence of the organization. Identifies the basic function or task of an enterprise or agency or of any part of it. Objectives or Goals. Are the ends toward which activity is aimed -they are the results to be achieved. Strategies. General Programs of action and deployment of resources to attain comprehensive objectives; Program of objectives of an organization and their changes, resources used to attain these objectives, and policies governing the acquisition, use and disposition of these resources.  The Hierarchy of Plans Policies. General statements or understandings which guide or channel thinking in decision making. Procedures. Plans that establish a required method of handling future activities. Rules. Spell out specific required actions or nonactions, allowing no discretion. Programs. A complex of goals, policies, procedures, rules, task assignments, steps to be taken, resources to be employed, and other elements necessary to carry out a given course of action. Budget. A statement of expected results expressed in numerical terms.  Steps in Planning 1. Being aware of Opportunities 2. Establishing Objectives 3. Developing Premises 4. Determining Alternative Courses 5. Evaluating Alternative Courses 6. Selecting a Course  HIERARCHY OF OBJECTIVES Socio- Board of Economic Bottom-up Directors Approach Purpose Mission Top-Level Overall objectives Managers Top-Down Approach of the organization (long-range, More specific strategic) overall objectives Middle- (e.g. in key result Level areas) Division Objectives Managers Department and Unit Objectives Individual Objectives Lower- Performance level Personal Development Objectives Managers References and further reading Daft et al. (2010). Management, Cengege Learning EMEA, page 247