Planning Process

Planning is a comprehensive policy in some(prenominal) government or non- government brass .It implies a policy or striation of guidelines which is to be followed by any organization to meet its posts. Planning is a key element in the functioning of any organization. Actually formulation is an outcome of the close making process in any organization. Any organizationhas to expect its activities with a fixed financial, technical and human resources . Therefore, it has to set a target for the organization for any period. To achieve the set target or the minimum target goal, a comprehensive set of guidelines or framework is needed which is called Planning. TYPES:In a epic organization having a multi dimensional & multi-locations setup, there argon twotypes of grooming:1) corporate formulation :The planning, which is taken at the corporate train which covers the organization as a whole is called corporate Planning. merged planning is alike the strategic, operational Planning and Long- termPlanning due to the aforesaid(prenominal) objectives of all these. However, they differ with each other.The planning process initiated by the company for the long-term objectives is called long term Planning whereas the planning process aimed towards strategic changes in the organization viz.

Expansion plan, Restructuring of ancestry processes within the organization etc. is called Strategic planning. Operational planning is a short term planning process aimed towards continue production and workers efficiency at the patronise floor level in the organization. But corporate planning is aimed towards one or all of the objectives of these planning processes. LIMITATION OF cookery:There are several limitations of a planning process, which are enumerated below:1) CAPITAL INVESTMENT:In many instances, when not bad(p) is injected into any fixed assets, it becomes difficult for the organization to invest in other areas. This situation arises due to financial constraintsof the management board, overleap of consolidation in the... If you want to get a sufficient essay, order it on our website: Ordercustompaper.com

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