Planning is a way of organizational life. Planning is futuristic, decision oriented and goal driven.
Planning is a way of
organizational life. Planning is futuristic, decision oriented and goal driven.
It is the first function of management and is the foundation for other
functions like organizing and controlling. Here are some definitions on
“Planning bridges the gap from where we are to
where we want to go. It makes it possible for things to occur that would not
involves selecting missions and objectives and achieve them; it requires decision making.”
BHEL used Delphi technique to
explore future direction of power development. Firstly, it canvassed an open
ended questionnaire to the engineers in several plants to give ideas for
technological breakthrough for 30 to 40 years. In the second round these were
summarized and asked to be prioritized. In the third round the estimated
timings and rationale for forecast was asked. This helped BHEL not only to get
19 different forms of energy sources but also provided “refined guest mates”.
The results were helpful in corporate planning and for formulating R & D
Tags : Strategic Management - Strategy Implementation
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