Group 6
Group 6
GROUP
6
NAMES MAT NO
ABDULKADIRI SULEIMAN DANTALA FIS/528240008
OMORIAWO GLORY FIS/528240052
AIGBOVBIOISTA FAVOUR FIS/528240040
BASHIRU UMORU FIS/528240085
DAN MARVELLOUS KELLE FIS/528240026
ZAFARU FARUK FIS/528240021
EZRA ESTHER OBOSA FIS/528240086
BALOGUN ESTHER DEBORAH FIS/528240084
QUESTION
MANAGEMENT FUNCTION OF PLANNING
INTRODUCTION
PLANNING DEFINED
THE SIX P’S OF PLANNING
REASON FOR PLANNING
CHARACTERISTICS OF GOOD PLANNING
PROBLEMS AND LIMITATION IN PLANNING
RESISTANCE TO CHANGE
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Management Function of Planning
Introduction
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4. Contingency Planning: Involves preparing for future
plan on track.
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making processes and aligns the workforce’s efforts with the
Strategic Planning
goals and initiatives that will guide the company over several years.
Operational Planning
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1. Scope: Operational planning is more detailed and specific,
strategic objectives.
activities.
daily basis.
Key Differences
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- Impact: Strategic plans impact long-term company health and
Planning Defined
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3. Risk Reduction: By anticipating potential challenges and
of unexpected setbacks.
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1. Objective Definition: The goal is to launch a new tech gadget
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Through these planning steps, the project is systematically guided
and evaluation.
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1. Proper:
2. Proactive:
opportunities.
3. Participative:
planning process.
4. Prioritized:
objectives first.
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- Details: By identifying critical components, resources, and
efforts are directed towards areas with the greatest impact. This
5. Persistent:
6. Precise:
and metrics for success. Precision allows for better execution and
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2. Resource Management: Effective planning helps allocate
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9. Prioritization: Planning helps prioritize tasks and projects,
organizational goals.
techniques:
progress tracking.
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4. Mind Mapping: Utilize mind maps to brainstorm ideas, organize
creativity.
the present.
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11. Budget Planning: Allocate financial resources smartly to
overspending.
outcomes.
Sure, here are examples for each of the six P's in planning:
1. Proper:
that aligns with its core expertise in AI, addressing a market need
portfolio.
2. Proactive:
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- Example: A retail chain anticipates supply chain disruptions and
3. Participative:
4. Prioritized:
5. Persistent:
6. Precise:
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months, assigning specific tasks to team members, and setting clear
different sectors.
1. Clarity of Objectives:
2. Comprehensive:
3. *Flexibility:
4. Feasibility:
5. Continuity:
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- Planning should be an ongoing process, with regular reviews and
6. Efficiency:
7. Communication:
8. Measurable:
improvement.
9. Participative:
process ensures diverse perspectives and buy-in from all who are
affected.
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- Plans should align with the broader strategic goals of the
objectives.
1. Define Objectives:
2. Comprehensive Planning:
designers, marketers).
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- Phase 3 - Launch Preparation (1 month):* Marketing strategies,
4. Flexibility:
initial launch.
5. Risk Management:
response.
6. Communication:
8. Strategic Alignment:
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By implementing this detailed, flexible, and comprehensive plan, the
effectively:
1. Risk Identification:
2. Risk Analysis:
3. Risk Prioritization:
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- Avoidance: Change project plans to eliminate risks (e.g.,
or insurance.
5. Contingency Planning:
6. Continuous Monitoring:
status.
7. Communication:
- Clear Reporting: Ensure that all team members are aware of the
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- Stakeholders: Keep stakeholders informed about significant risks
9. Post-Project Review:
projects.
limitations:
assumptions.
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4. Resource Constraints: Limited time, money, and human
demotivation.
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2. SWOT Analysis: Assess Strengths, Weaknesses, Opportunities,
conditions.
matters most.
changing conditions.
perspectives.
efficient use.
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10. Performance Monitoring: Implement KPIs (Key Performance
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goal matters in the larger scheme of things. For example, pursuing a
success.
Resistance to change
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4. Lack of Trust: If there's a lack of trust in the leadership or the
misinformation.
increases.
focus on:
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- Building Trust: Create a transparent environment where trust is
help people adapt. Address skill gaps and provide ongoing support
to ease transitions.
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6. Create a Vision: Develop a compelling vision for the future that
results.
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