STEPS OF PLANNING PROCESS- STEP 8: FOLLOW UP THE PLAN

Planning is considered as a perpetual process which goes on till the organization is in existence. The planning process does not ends merely by implementing the plan. Managers need to constantly monitor the plan and its efficiency, in order to keep a check on any irregularity in the process.

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STEPS OF PLANNING PROCESS- STEP 7: IMPLEMENTING THE PLAN

In the previous steps, the main plan, alternatives are selected, supportive plans are prepared, etc. However, all these activities take place on paper, plans are discussed in meetings, and managers make assumptions about future. None of these involve practical implementation of the plan, i.e. everything is on paper and in minds of the manager. So to make the whole plan come into real business world, the next step of planning process involves implementing the plan.

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STEPS OF PLANNING PROCESS- STEP 6:PREPARING SUPPORTIVE PLANS

Once the main plan is selected at the previous step, the managers move forward and perform all the activities required to implement the selected plan. Accordingly, after plan selection the next step of planning process involves preparation of supportive plans.

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STEPS OF PLANNING PROCESS- STEP 5:SELECTING THE BEST ALTERNATIVE

While the earlier steps of planning process are concerned with listing and evaluating alternatives, this step is more about decision making, i.e. selecting the best among the alternatives available. In the previous step alternatives are evaluated, those having maximum positive aspects are listed and the ones with negative points are eliminated. In this step, the managers decide or finalize the one or a combination of plan with which they want to move forward and put in operation.

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STEPS OF PLANNING PROCESS- STEP 4:EVALUATING THE AVAILABLE ALTERNATIVES

After listing various available alternatives managers move to the next step of planning process which is to evaluate each alternative in the light of stipulated guidelines and benchmarks. Each of the alternatives are evaluated to know how well each one can help the organization in meeting its goal. All available options are assessed based on the cost and risk involved, merits as well as shortcomings. Once the critical point of each alternative is known a comparison is made among all the available alternatives. Further, alternatives unveiling maximum positive aspects are listed and the ones with negative points are eliminated.

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STEPS OF PLANNING PROCESS- STEP 3: DETERMINING ALTERNATIVE COURSES OF ACTION

Generally, every task in our lives can be completed with various alternative ways. We choose the alternative which is best suited in our situation and guarantees effective and efficient completion of the task. Say for example, ‘Mr. M wants to eat breakfast, now he has various alternatives. Option one - he can cook himself, option two – he can order from a food delivery outlet, option three – he can ask someone to cook for him.’

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