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Planning Factors Affecting Planning: Reporter: Cleo Mae Lim Strategic Planning MPA 303 2:00-5:00PM

Planning is a crucial function of management that states the goals and means of achieving them. Effective planning provides competitive advantages and helps coordinate all areas and departments of an organization to achieve economies. Planning improves management by exception by not requiring involvement in all activities, and facilitates controlling and minimizing uncertainties by anticipating future events. Several factors affect the planning process, including the time span for execution, available resources, skills and attitudes of management, physical facilities, data collection and analysis, the overall economy, and a rapidly changing environment.

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Cleo Mae Lim
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160 views1 page

Planning Factors Affecting Planning: Reporter: Cleo Mae Lim Strategic Planning MPA 303 2:00-5:00PM

Planning is a crucial function of management that states the goals and means of achieving them. Effective planning provides competitive advantages and helps coordinate all areas and departments of an organization to achieve economies. Planning improves management by exception by not requiring involvement in all activities, and facilitates controlling and minimizing uncertainties by anticipating future events. Several factors affect the planning process, including the time span for execution, available resources, skills and attitudes of management, physical facilities, data collection and analysis, the overall economy, and a rapidly changing environment.

Uploaded by

Cleo Mae Lim
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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REPORTER: CLEO MAE LIM STRATEGIC PLANNING MPA 303

2:00-5:00PM
PLANNING FACTORS AFFECTING PLANNING

- Planning is one of the crucial functions of A. TIME FACTOR


management. It is basic to all other functions of
- In planning, the executive faces a span of time within
management. There will not be a proper
which to carry out the plans into execution.
organization and direction without proper
planning. It states the goals and means of B. RESOURCES AVAILABLE
achieving them.
- The best of plans would be unproductive of good
ADVANTAGES OF PLANNING results in the absence of available resources that the
business enterprise needs for its continuous operation.
A. PLANNING IMPROVES COMPETITIVE EDGE
C. SKILLS AND ATTITUDE MANAGEMENT
- Planning provides competitive edge to the enterprise
over the others which do not have effective planning. - One of the common causes behind the failure of
planning as a process and moreover, as a function of
B. PLANNING HELPS IN COORDINATION management is the absence of total involvement on the
part of all levels in the planning process.
- Proper planning is made by unifying all areas on
departments of the organization. D. PHYSICAL FACILTIES

C. PLANNING HELPS IN ACHIEVING ECONOMIES - Modern production is anchored on the better use of
existing plants and equipment through improved
- Effective planning secures economy since it leads to
science and technology.
orderly allocation of resources to various operations.
E. COLLECTION AND ANALYSIS OF DATA
D. PLANNING ALLOWS MANAGEMENT EXCEPTION
- Another important factor in the planning process is
- The meaning of management by exception is that the
information. Planning depends for its effectiveness on
management of the organization is not required to be
the quality and quantity of data involved in the planning
involved in all the activities.
process.
E. PLANNING FACILITATES CONTROLLING
F. ECONOMY
- Planning provides performance standards and
- The overall economy or health of the company’s
standards for measuring the progress of the
industry also may negatively affect a manager’s ability
organization.
to plan.
F. PLANNING MINIMIZES UNCERTAINTIES
G. RAPIDLY CHANGING ENVIRONMENT
- Planning helps in reducing uncertainties of future as it
- When the overall economy or an industry is facing
involves anticipation of future events.
conflict, planning is more difficult.
G. PLANNING FACILITATES MANAGEMENT BY
OBJECTIVES

- Planning helps in focusing the attention of employees


on the objectives or goals of enterprise.

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