Define steps in management planning process, Operation Management

Assignment Help:

Define Steps in Management Planning Process.

Planning can be explained as deciding in advance what is to be completed in future. Some of the fundamental steps involved in planning are as follows:

  • Setting objectives: It is the most crucial step in the planning process.
  • Establishment of planning premises: This is an identification of the assumptions as to future conditions.
  • Development of alternative courses of action: - there should be a search by the management for the several alternatives.
  • Critical evaluation of the optional courses of action-going in the plus and minus points of each alternative and determine the net worth of each alternative
  • Selection of the best alternative: such decision is based upon experience and experimentation
  • Formulation of derivative plans - all these plans are derived from the main plans.
  • Implementation of the plan - it is the most important step and the plan would have to be communicated to those who are supposed to start action.
  • Follow- up Action: this shows watching the consequences that arise from the implementation of the plan
  • Restarting the planning cycle - latest plan should be undertaken to take the place of the accomplished plan when planning is a continuous process.

Related Discussions:- Define steps in management planning process

Production planning and control (ppc), Production Planning and Control (PPC...

Production Planning and Control (PPC) Production in manufacturing comprise  a series  of steps by  which  material is given  a new  form to  satisfy a predetermined objective,

Explain electronic information exchanges throughout firms, Of focus in any ...

Of focus in any HMIS is data compatibility, which includes the use of common codes and data definitions, specifically used for electronic information exchanges throughout the organ

Explain the most important effect of card check recognition, The most impor...

The most important effect of card check recognition procedures on union representation elections would be to: A. Increase the likelihood of first contract settlement. B. Give

Explain the link of operations strategy, Question 1: Describe the role ...

Question 1: Describe the role of operations in an Organisation. Link with other functions Issues Types of operational decisions Conclusion Explain the s

Explain federal trade commission, 1. Please explain, in detail, the strateg...

1. Please explain, in detail, the strategic issues both external and internal that Whole Foods' faces. 2. Please explain, in detail, the strengths, weaknesses, opportunities and th

Explain managements and unions at odds against each other, State how produc...

State how production standards place managements and unions at odds against each other. Why do some unions prefer the right to strike in this matter while others prefer arbitration

Explain what assignment minimizes the total traffic flow, Please kindly sho...

Please kindly show step by step solutions. Six processes are to be laid out in six areas along a long corridor at Linda Babat Accounting Services. The distance between adjacent

Describe imagine that you are the release that might result, Search the new...

Search the news for a current event/ issue/ crises a company is dealing with today. Imagine that you are the release that might result in a favourable article. Follow the format su

Explain analysis in determining project risk, Evaluate the use of statistic...

Evaluate the use of statistical analysis in determining project risk and how it might be applied to the human factors of a project

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd