Planning: Processes and Techniques

1
Planning Processes and Techniques

• Chapter 4
• MGMT 370

2
Managers Planning

• Why plan?
• Process
• Define Objectives
• Determine status
• Anticipate future
• Analyze alternatives
• Implement
• Evaluate

3
Benefits of Planning

• Focus and flexibility
• Action orientation
• Coordination
• Time management
• Control

4
Types of Managerial Plans

• Short-range vs. long-range
• Strategic
• Operational
• Policy
• Procedures or rules
• Budget
• Zero-based
• Project

5
Planning Tools and Techniques

• Forecasting
• Contingency Planning
• Scenario Planning
• Benchmarking
• Best practices
• Participatory Planning
• Benefits

6
Management by Objectives

• Performance Objectives in MBO
• Specific
• Time defined
• Challenging
• Measurable
• Advantages and Disadvantages