Strategic Management - Strategy Implementation
Nature of Planning - Planning And Resources Allocation
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There are four major aspects here. (i) Its contribution to purpose and objectives; (ii) Its primacy among the manager’s tasks; (iii) Its pervasiveness, and (iv) The efficiency of resulting plans
Nature
of Planning
There are four major aspects here.
(i) Its contribution to purpose and objectives;
(ii) Its primacy among the manager’s tasks;
(iii) Its pervasiveness, and
(iv) The efficiency of resulting plans
Planning precedes all the other managerial functions. It involves setting up objectives necessary for all group efforts. Every executive should plan about recruitment, structure and controls. Figure 17.1 show the kind of contribution planning makes.
Planning is the first function leading to other functions in man-agement. Figure 17-2 shows the linkages.
* Purposes or missions * Objectives or goals
* Strategies * Policies
* Procedures * Rules
* Programmes * Budgets
Planning is the function of all managers; from the head of a gang to a factory crew. Managers at all levels and in all functions have to engage themselves in planning. Without planning they will be in dark not knowing where to go.
Planning and Controlling are the Siamese twins of management. Plans are efficient if they achieve their purpose at a reasonable cost where cost is measured not only with cost or production but also in the level of individual and group satisfaction. There are occasions where programmes are good but failed due to poor morals.
There are four major aspects here.
(i) Its contribution to purpose and objectives;
(ii) Its primacy among the manager’s tasks;
(iii) Its pervasiveness, and
(iv) The efficiency of resulting plans
Contribution
Planning precedes all the other managerial functions. It involves setting up objectives necessary for all group efforts. Every executive should plan about recruitment, structure and controls. Figure 17.1 show the kind of contribution planning makes.
Primacy
Planning is the first function leading to other functions in man-agement. Figure 17-2 shows the linkages.
* Purposes or missions * Objectives or goals
* Strategies * Policies
* Procedures * Rules
* Programmes * Budgets
Pervasiveness
Planning is the function of all managers; from the head of a gang to a factory crew. Managers at all levels and in all functions have to engage themselves in planning. Without planning they will be in dark not knowing where to go.
Efficiency of plans
Planning and Controlling are the Siamese twins of management. Plans are efficient if they achieve their purpose at a reasonable cost where cost is measured not only with cost or production but also in the level of individual and group satisfaction. There are occasions where programmes are good but failed due to poor morals.
Tags : Strategic Management - Strategy Implementation
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