What is planning process? definition and meaning - asojtinsa.gq

 

business process planning

Business process mapping is part of project planning for a range of project types, from improvement projects to more intensive business process re-engineering projects. Business process reengineering is the drastic redesign of the entirety of the enterprise’s processes. Jun 22,  · This article throws light upon the eight main steps involved in the planning process of an organisation. The steps are: 1. Perception of Opportunities asojtinsa.gqishing Objectives asojtinsa.gqng Premises asojtinsa.gqfication of Alternatives asojtinsa.gqtion of Alternatives asojtinsa.gq of Alternative Plans asojtinsa.gqation of Supporting Plan asojtinsa.gqishing Sequence of Activities/5(9). Jan 05,  · What is the planning process, and why would you need one? In this lesson, we'll learn what it is, what it does, the types of plans you might need to develop, and the steps in the process.


What Is the Business Planning Process? | asojtinsa.gq


Planning is the first primary function of management that precedes all other functions. The planning function involves the decision of what to do and how it is to be done? So managers focus a lot of their attention on planning and the planning process, business process planning. Let us take a look business process planning the eight important steps of the planning process.

The planning function of management is one of the most crucial ones. It involves setting the goals of the company and then managing the resources to achieve such goals. As you can imagine it is a systematic process involving eight well thought out steps. Let us take a look at the planning process. Once such opportunities get recognized the managers can recognize the actions that need to be taken to realize them. A realistic look must be taken at the prospect of these new opportunities and SWOT analysis should be done.

Say for example the government plans on promoting cottage industries in semi-urban areas. A firm can look to explore this opportunity, business process planning. What are the Types of Plan? This is the second and perhaps the most important step of the planning process. Here we establish the objectives for the whole organization and also individual departments.

Organizational objectives provide a general direction, objectives of departments will be more planned and detailed. Objectives can be long term and short term as well. They indicate the end result the company wishes to achieve. So objectives will percolate down from the managers and will also guide and push the employees in the correct direction. Importance, Features, and Limitation of Planning here in detail. Planning is always done keeping the future in mind, however, the future is always uncertain.

So in the function of management certain assumptions will have to be made. These assumptions are the premises. Such assumptions are made in the form of forecasts, existing plans, past policies, etc. These planning premises are also of two types — internal and external.

External assumptions deal with factors such as political environment, business process planning, social environmentthe advancement of technologycompetition, government policiesetc. Internal assumptions deal with policies, availability of resources, quality of managementetc. These assumptions being made should be uniform across the organization. All managers should be aware of these premises and should agree with them, business process planning.

The fourth step of the planning process is to identify the alternatives available to the managers. There is no one way to achieve the objectives of the firm, there is a multitude of choices, business process planning. All of these alternative courses should be identified. Maybe he chooses an innovative alternative hoping for more efficient results. If he does not want to experiment he will stick to the more routine course of action. The problem with this step is not finding the alternatives but narrowing them down to a business process planning amount of choices so all of them can be thoroughly evaluated.

The next step of the planning process is to evaluate and closely examine each of the alternative plans. Every option will go through an examination where all there pros and cons will be weighed. The alternative plans need to be evaluated in light of the organizational objectives.

For example, business process planning, if it is a financial plan. Then it that case its risk-return evaluation will be done. Detailed calculation and analysis are done to ensure that the plan is capable of achieving the objectives in the best and most efficient manner possible. Finally, we reach the decision making stage of business process planning planning process. Now the best and most feasible plan will be chosen to be implemented.

The ideal plan is the most profitable one with business process planning least amount of negative consequences and is also business process planning to dynamic situations. The choice is obviously based on scientific analysis and mathematical equations. But a managers intuition and business process planning should also play a big part in this decision.

Sometimes a few different aspects of different plans are combined to come up with the one ideal plan. Once you have chosen the plan to be implemented, managers will have to come up with one or business process planning supporting plans. These secondary plans help with the implementation of the main plan, business process planning. For example plans to hire more people, train personnel, expand the office etc are supporting plans for the main plan of launching a new product.

So all these secondary plans are in fact part of the main business process planning. And finally, business process planning, we come to the last step of the planning process, implementation of the plan. This is when all the other functions of management come into play and the plan is put into action to achieve the objectives of the organization, business process planning.

The tools required for such implementation involve the types of plans- procedures, policies, budgets, business process planning, rules, standards etc. Ans: The correct option is C. Operation research is the application of scientific business process planning mathematical methods to study and analyse problems involving complex systems. It is a powerful tool for decision making. Suggested Videos. Classification of business. Basics of starting a business. Share with friends. Customize your course in 30 seconds Which class are you in?

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Steps in the Business Planning Process | Bizfluent

 

business process planning

 

Jan 05,  · What is the planning process, and why would you need one? In this lesson, we'll learn what it is, what it does, the types of plans you might need to develop, and the steps in the process. ADVERTISEMENTS: Following steps are taken in planning process: 1. Recognizing Need for Action: The first step in planning process is the awareness of business opportunity and the need for taking action. Present and future opportunities must be found so that planning may be undertaken for them. The trend of economic situation should also be visualized. Business process mapping is part of project planning for a range of project types, from improvement projects to more intensive business process re-engineering projects. Business process reengineering is the drastic redesign of the entirety of the enterprise’s processes.