Overview of Management System and Subsystems:Planning Subsystem

What is Management?MANAGEMENT - Is the function that coordinates the efforts of people to accomplish defined goals and objectives using available resources efficiently and effectively.

Basic Functions of the ManagementDuring the 19th century, Henri Fayol,

the father of modern management broke management down into five distinct functions:

a.) Planningb.) Organizingc.) Coordinatingd.) Commandinge.) Controlling

What is Planning?PLANNING

- is a systematic process where by an individual or organization takes action to make the best decision and select the best option among the alternatives in order to achieve the desired goals.

What are the Planning Processes?

Types of PlanningStrategic Planning

- A systematic process of envisioning a desired future and translating this vision into broadly defined goals and objectives, and a sequence of steps to achieve them.

Types of PlanningStrategic Planning

- Usually made at the top-level management.

Types of PlanningComponents of Strategic Planninga. Vision, Mission and

Values statement/guiding principles.

b.Determine Internal and External factors by SWOT Analysis

c.Establishing of Goals, Strategies and Objectives.

SWOT ANALYSIS

GoalsLong-term goal

- something that you want to accomplish in the near future.- Usually it takes 2 – 5 years or even more.

Short-term goal - serves as the stepping stone for you to accomplish your Long-term goal.- it takes a day, weeks, months, and even a year.

Objectivesare the specific steps you need to

take in order to reach each of your goals. They specify what you must do.

Mostly your goals, strategies and objectives are anchored in your mission statement.

Types of PlanningOperational Planning

- Involves the systematic determination and scheduling of the immediate or short term activities required in achieving the goals of strategic planning.

Types of PlanningOperational Planning

- It talks about the who, what, when, and how to do it, and what are the resources available to execute such activities.

- Usually done at the middle and low level management.

ADVANTAGES AND DISADVANTAGES OF PLANNING