BOH4M CHAPTER 6 PLANNING PROCESSES AND TECHNIQUES Lajipe Faleyimu1.
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Transcript of BOH4M CHAPTER 6 PLANNING PROCESSES AND TECHNIQUES Lajipe Faleyimu1.
Lajipe Faleyimu 1
BOH4M
CHAPTER 6PLANNING PROCESSES AND
TECHNIQUES
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CHAPTER OVERVIEW
Why and how do managers plan?What types of plans do managers
use?What are the useful planning
tools and techniques?How can plans be well
implemented?
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Why and How Managers PlanPLANNING – process of setting
objectives and determining how to accomplish them.
OBJECTIVES – specific results that one wishes to achieve
PLAN – statement of intended means for accomplishing objectives
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Why and How Managers Plan
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Why and How Managers PlanSteps in the planning process
Define your objectivesDetermine where you stand vis-a-vis
objectivesDevelop premises regarding future
conditionsAnalyze alternatives and make a planImplement the plan and evaluate results
Benefits of PlanningPersonal time management tips
fig 6.1
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PLANS USED BY MANAGERSShort-range and long-range plans
◦ Short-range plans = 1 year or less
◦ Intermediate-range plans = 1 to 2 years
◦ Long-range plans = 3 or more years
Strategic and Tactical PlansOperational plans
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PLANNING TOOLS AND TECHNIQUESForecasting – attempts to predict the future
Contingency planning – identifies alternative courses of action to take when things go wrong
Scenario planning – identifies alternative future scenarios and makes plans to deal with each other
Benchmarking – uses external and internal comparisons to plan for future improvements
Use of staff planners
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PLANS TO ACHIEVE RESULTSGoal Setting – S.M.A.R.TGoal AlignmentManagement by Objectives
(MBO)TypesCriteriaAdvantagesPitfalls
Participation and Involvement
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REVIEWWhich step in the planning process is
likely to cause the most difficulties for managers
Is there any real value to long-term planning in today’s rapidly changing environment?
Shouldn’t all plans really be contingency plans?
Given its potential advantages, why isn’t MBO standard practice in all organizations