1. Explain what planning is and why it is important in an organisation. 2. Expla
ID: 348979 • Letter: 1
Question
1. Explain what planning is and why it is important in an organisation.
2. Explain the nature and purpose of different types of plans carried out in an organisation.
3. Discuss the difficulties that managers face while formulating plans and the ways of limiting them.
4. Discuss how organisations develop plans to meet eventualities.
5. Discuss the various techniques used for assessing the environment of an organisation.
6. Describe the strategic management process.
7. Describe Porter’s strategies for assessing the competitiveness of an industry.
8. Discuss portfolio analysis and how it helps in strategic planning.
9. Discuss the meaning and purpose of planning.
10. Explain how planning is carried out at the different levels in an organisation.
11. Discuss the relationship between planning and performance.
12. Differentiate the types of plans present in an organisation.
13. Describe the planning process.
14. Discuss the nature of contingency plans.
15. Differentiate between the different contingency plans.
16. Discuss the pitfalls of planning.
17. Discuss how environmental scanning and benchmarking help in developing effective plans.
18. Describe the tools used in planning.
19. Discuss the process of management by objectives.
20. Differentiate between strategic planning and strategic management.
21. Describe the strategic management process
22. Discuss the different strategic tools used in planning.
23. Explain the models of strategic management.
24. Explain entrepreneurship in relation to strategic planning amondPro-Regular'>25. Define creativity in an organisation.
Explanation / Answer
1.
Planning is a process of working upon various types of ways that could help achieve a desirable outcome and accordingly, design the actions required to be taken to achieve the same along with the estimation of the resources that could be employed for the purpose and the preparation of overall time-frame to ensure the timely achievement of the objectives. Planning is important to the Organization because it is all-pervasive. Planning is necessary across all the Departments of an Organization.
In the Supply Chain, Planning aggregates the demand and supply in order to chart down the action that is most suitable for meeting the needs of sourcing, making, delivering and returning, which are the other significant processes of the operations and supply chain. Planning further helps in determining the scope and configuration of the supply chain model.
In terms of Human resource planning, it is defined as the Process that is undertaken in order to link the human resource requirements, be it current or in the future, to that of the Organizational goals. It therefore should help in realizing the Organizational overall strategic objectives by satisfying the Human resource requirements in accordance to the same. The main purpose of the Human Resource Planning is optimizing the usage of the Human resource asset in the best possible manner to realize the strategic goals as laid down by the Management for an Organization and to develop a process which is a continuous one in nature with a systematic plan in place that helps in satisfying the Human resource requirements but in accordance with the Organizational goals. Following are the three fundamental functions of Human Resource Planning:
In terms of marketing, Planning is essential in various sub-activities of marketing, for example in case of Direct Marketing, Planning is one of the most significant functions in Direct Marketing with each direct program comprising of a different plan to promote and execute the same. It is hence an essential guidance that needs precedes every other functions involved in Direct planning. The planning function is the sub-function of the overall planning of the Corporate and hence should always be in the line with the Company’s business strategy. The promotional activity of Direct marketing planning ranges from a week to even a year or more on the basis of the complexities involved in the marketing program that could utilize various promotional media in the process. Planning needs to have a clarity regarding the program of Direct Marketing so that it becomes feasible to measure the same the success of the same.
The Planning function in Direct marketing initiates by defining the communication objectives which should align the direct marketing requirements followed by the evaluation of the marketplace in terms of the competition or analysis of the business environment which should also be coupled with any previous experiences with similar lines of programs. Accordingly, Planning function would help to develop a sensible communications strategy for direct marketing which could be enhanced in future based upon the needs. The implementation framework should also be in place along with the evaluation of the norms governing the Direct Marketing planning process.
Thus, it could be aptly concluded that owing to the dynamic and versatile nature of Planning, Planning is very essential to an Organization.
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