Principles of Planning Assignment Help

Principles of Planning Assignment Help

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Why is planning required in an organisation?

No organisation can smoothly operate without strong planning; hence, it becomes the major and chief management function. For action, planning is considered a prep step, meaning that planning is a systematic pre-thinking to examine a course of action to acquire the desired goal. Planning is a technique to chalk out beforehand about what to do, how to do it, when and by whom it is to be done.

With the help of systematic planning, a manager tends to fix the goals and targets of the company and, with the same path, other departmental goals as well. Furthermore, the manager comes up with a blueprint to map out the different methods of acquiring the goals within the stipulated period of time.

If a company is doing well, the credit goes to successful and strong planning. The key elements of planning are inclusive of objectives, forecasting, policies, procedures, rules, programmes, budgets, projects and strategies. Therefore, planning is essential for any company, be it small or large, to climb the ladder of success.

What are the principles of planning?

Below are the chief principles of planning:

• Commitment - Principle of commitment means that there are a few resources guaranteed for the purpose of planning. Planning for an organisation is not easy; expert intervention is required to take the important steps. Therefore, for the achievement of goals, the organisation is supposed to offer all the possible resources.
• Reflective Thinking - This principle is concerned with intellectual considerations. Herein, the manager is required to use problem-solving thought procedures on the basis of prior experiences to make future prospects. No one can be a planner if the mind is not in place or activity.
• Flexibility - The principle of flexibility is about being flexible enough to make changes from time to time. Strong planning, of course, considers departures in due course of action.
• Contribution - To make a note here, a plan is created with the support of many imitative plans. Having said that, it is required that all those plans must contribute in a positive manner for the achievement of organisation goals.
• Efficiency - In planning, it is very obvious that if it is not efficient, it won’t be successful. To achieve the organisational goals, the plans of the organisation must be efficient at the minimum cost and slightest exertion. In addition to this, a plan should be able to achieve better results with the lesser unanticipated situations.
• Pervasiveness - The principle of persuasiveness means that planning must not be restricted to only top-level management. It must be the role and major contribution of notions of all managers at all levels.
• Strategic - The next is to be strategical, and that’s important where there is competition. Strategies are made in the light of all the players who are recommending or planning to do. Whilst making your own strategies, the planners should also keep track of how the competitor organisations are strategizing.
• Innovation - Now comes the principle of innovation that is concerned with planning ideas being responsive to the opportunities for innovation. To increase consumer satisfaction, businesses should keep coming up with innovative ideas. This is measured as a major strategy of an organisation. One has to be innovative enough to sustain this ever-evolving world. And this is done by doing extensive research, development and planning.
• Follow-up - While the plan is being executed, there are going to be uncertainties, hurdles and unforeseen circumstances. This is the situation when there will be the need for revision, alteration or correction in the plan. That’s the reason why planners must be ready with a PLAN B. That’s how things will be more effective.

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