Discuss the various steps of planning process

Planning process

planning is a more typically process in order to develop any plan management has Undertake the following step..

1. Setting objective

the first step in Planning process in the established man of objective which will serve as a basis of planning specific objective have to be late down which can be achieve with the help of policies producer rules budget programs and its strategies there are many types of objective that money then miss select a Desire cell volume or growth rate the development of new product of services..

2. Forecasting

all planning in wall certain assumptions about the future which are cannot as planning premises planning premises may be internal or external the internal premises include the sale for cause the anxieting policies and programs of organisation capital investment policies philosophy of Management etc..

3. Review ki factor

there are certain factor which are essential for the achievement of objective and intelligent manager must make plan for their availability 3 factor are power machinery material finance and Labour availability..

4. Developing alternating

search of the alternative course of action is an important step in the planning process there is hardly any plan for which alternative do not exit normali There are several alternative for any problem the manager should try to screen out the most suitable alternative so that he has a small number of alternative for final selection..

5. Evaluation of alternative

after selecting the suitable alternative they should be evaluated with the help of a number of parameters which are related to planning premises of objective the evolution of various alternative will help in their relative merits and demerits..

6. Selecting the best course of action

the manager should select the course of action which will prove to be the best in term of achieving organisational objective several techniques of decision making are applied to through the best alternative..

7. Formulation or derivative plan

after choosing a particular plan it is put into practice by the formulation or derivative clan such as policies producer schedule is method budget etc it is the also cancel to April the effectiveness of planning