Term Paper On Delegation

Table of Content Page

INTRODUCTION 3

What is planning 3

Why planning 3

Planning Process 4

Strategic Planning 4

1. Define the mission. 5

2. Conduct a situation or SWOT analysis by assessing strengths and weaknesses and identifying opportunity and threats. 6

3. Set goals and objectives. 6

4. Develop related strategies (tactical and operational). 6

5. Monitor the plan. 7

SUMMARY 7

REFERENCES 9

INTRODUCTION

Planning is one of the five management function. Planning or sometimes strategic planning is matching the strengths of your business to available opportunities. To do this effectively, you need to collect, screen and analyze information about the business environment. Acquiring this understanding often involves more work than expected. You must realistically assess the business you are convinced you know well.

In this seminar presentation we are going to provide an overview of the topic questions such as what is planning, why planning and point out the strategic planning process. This seminar presentation is intended to help us all to understand the concept of planning, the need for strategy in organization, and the dynamics of the organization-based strategic planning. It includes a brief history of strategic planning and steps of a strategic planning process. Bibliographies are included.

What is planning

Planning may be defined as the first step in the initiation of any form of activity. Planning is the anticipation of future events where by decisions are based on predictions of future states of the environment. It consists of reaching a series of decisions that serve as a basis for action, designed to secure a defined aim. Due to its importance that is why planning requires a manager or supervisor clearly to analyze environmental forces and make resource-allocation according to the prevail situation. By so doing you will lead your organization where it suppose to be in the future. So in the process of planning one should know the following:

* goals to be achieved

* roles to be played

* nature of plan - short or long plan

* extent of flexibility

* timing of key elements

Why planning

Planning is essential in carrying out any business or any activities. For instance when someone prepares his wedding the first thing he need to consider is to plan how many people should be invited, how much it will cost, where it will take place and etc. All these should be prioritized in order to make the wedding memorable. Like wise every organization must plan for change in order to reach its ultimate goal. Effective planning helps an organization adapt to change by identifying opportunities and avoiding problems. In fact there are many advantages in planning such as:

* Points people towards goals - facilitate decision making.

* Enables supervisor to focus attention on broader goals, to see where her section fits in.

* Enables effective and efficient use of resources.

* Ensures integrated and coordinated effort.

* Provides opportunity for members to participate and teamwork

Planning Process

As we have seen from the introductory organization management make change happen instead of reacting to change. The future requires corporate leadership with the skills to integrate many unexpected and seemingly diverse events into its planning. Every organization must plan for change in order to reach its ultimate goal. Effective planning helps an organization adapt to change by identifying opportunities and avoiding problems. It sets the direction for the other functions of management and for teamwork. Planning improves decision-making. All levels of management engage in planning.

Strategic Planning

Planning plays an important role in any business organization business. Good planning creates success and bad one result failures of the business. From this point of view as a manager should make a strategic planning before investing in the business other wise it will be wastage of time and many.

Strategic planning creates basic decisions and actions that outline and direct what an organization is, what it does, and why it does it. If we go back in level of management, the top level managers are the one engage primarily in strategic planning or long run planning. In their position they suppose to provide an answer to the questions such as "What is the purpose of this organization?" "What does this organization have to do in the future to remain competitive?" In short top level managers make clear the mission of the organization and set its goals.

As we have pointed out planning is the process of developing and analyzing the organization's mission, overall goals, general strategies, and allocating resources. By planning you must have a strategy to follow during the process in order to be able to achieve a long-run goal. To achieve all these strategy, planning process should consists a series of steps as follows:

1. Define the mission.

2. Conduct a situation or SWOT analysis by assessing strengths and weaknesses and identifying opportunities and threats.

3. Set goals and objectives.

4. Develop related strategies (tactical and operational).

5. Monitor the plan.

These steps can be depicted as shown below according to it sequences.

1. Define the mission.

A mission is the purpose of the organization. It is why the organization exists. For that reason planning is usual begins with clearly defining the mission of the organization or summarizing what