Planning MNGT 1 A TH
Planning MNGT 1 A TH
Planning MNGT 1 A TH
the activities required to achieve a desired goal. It involves the creation and maintenance of a
plan, such as psychological aspects that require conceptual skills
5. SHORT-RANGE PLANS- provide the guidelines for day to day action in the organization.
6. MARKETING PLANS- To increase their present market share and develop new product.
7. PRODUCTION PLANS- Producing the desired amount of goods demanded at the market place.
9. MANPOWER PLANS- Systematic way of determining the types personnel needed in the long and short
range of an organizing.
10. STRATEGIC PLANS- Determining the major goals of the entire organization and the policies to
achievement of these goals.
11. TACTICAL PLANS- Deals with the determination of the term- specific utilization of the resources of
the organization in achieving its strategic goals.
*STRATEGIC PLANNING- The process which sets forth organizational objectives to be achieve, strategies
and policies needed to reach those objectives, and short-range plans to make sure that the strategies
are successfully implemented
*OPERATIONAL OR TACTICAL PLANNING- Is short-range planning and concentrate on the formation of functional
plans.
DECISION MAKING- The process of choosing a specific procedure or course of action from among several
alternatives.
*Marginal analysis –figure out how much more output will result if one more variable is added.
* Financial analysis- Estimating the profitable of and investment, calculating the payback period, and analyzing
the cash inflows and outflows.
*Break-even analysis- Enable a manager to see the effects of alternative available base on price, fixed cost, and
variable cost per unit.
1. Waiting-line Method- Mathematical techniques for balancing waiting lines and services.
2. Linear Programming- Decision involving the allocation of resource or limited resources to reach a
particular objective such as, least cost, highest margin, and so on
3. Game Theory – Selecting the best strategy, taking into consideration one’s competitors.
4. Simulation- Involves the building of a model that present a real or an existing system.
1. Strategic- Level manager determined long term strategies and set corporate objectives and
policy consistent with these objectives.
2. Tactical – level manager are charged with the responsibility of implementing the objectives
and policies set forth at the strategic level of management.
3. Operational – level manager complete specific task as directed by tactical-level managers.
Forecasting- This is an attempt to foretell or predict future trends, or condition from known data and
prepare for the expected change in business.
Break-even analysis- dealing with control functions .
Scheduling –use for planning time for various activities is an organization.
- A number of scheduling techniques are available, ranging from simple to complex
Expected time =
These techniques help to plan complicated and extensive project in which co-ordination essential fo cases