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OpenPDFinBrowserReferencesCitationsAsystematicapproachtostrategicplanning,whichisfirmlygroundedonrealities,isseenbymanyenterpriseleaders andmanagementresearchersasanessentialrequirementThemainaimofthepaperistoinvestigatetheprocessofplanningasoneofthefundamentalmanagement functionsandtoolsinmoredetailsPlanning:ItsMeaning,Nature,andImportancePDFTheimportanceofplanninginanorganizationcanneverbe overemphasizedasweknowthatplanningisthecontinuousmanagerialprocessofFind,readandcitealltheresearchyouThecycleconsistsoffourkeystages:(1) Plan createtheplanusingthemodeldiscussedearlierLearningObjectives(3)Check monitortheresultsoftheplannedcourseofaction;organizational learningabouttheeffectivenessoftheplanoccursatthisstageDownloadThisPaperItsobjectiveistoclarifythebasicconceptsandcomponentsunderlyingthe recentexperiencesandpracticesofleadingInthiscourseyouwilllearnplanningprinciplesandexecutionmethodssoyourprojectscanberunmoreeffectivelyand efficientlyatworkandindailylife.Projectsareallaroundus.Thepurposeofthischapteristo)Introducethecomponentsoftheplanningprocess)Identifythe factorswithintheinternalandexternalenvironments)ProvidetoolsthatareusedinplanningOutline:Learnhowtoensureyourprojectsrunsmoothly.Moreover, thepapePlanning–TheFourFunctionsofManagementPlanningPlanningrequiresthatmanagersbeplanning,tothepresentstateof"strategicmanagement'Itis anintellectualprocesscharacterizedbythinkingbeforedoingItisanattemptonthepartofmanagerPlanningisabasicmanagementfunctioninvolvingformulation ofoneormoredetailedplanstoachieveoptimumbalanceofneedsordemandswiththeavailableresourcesHehasunder-takenindustry-focusedresearchfor overyearsintothedesignprocess,integratedworking,valuemanagement,structuralmaterialsandtheirdesignModernmanagersfacethechallengeofsound planningandcontrolinsmallandrelativelysimpleorganizationsaswellasinlarge,morecomplexones,andinnonprofitorganizationsPlanningisthefunctionof managementthatinvolvessettingobjectivesanddeterminingacourseofactionforachievingthoseobjectives.Planningisthefunctionofmanagementthatinvolves settingobjectivesanddeterminingacourseofactionforachievingthoseobjectivesYou’lldiscovertheTheAPMPlanningSIG(seeAppendixC)hasaparticular interestinprojectplanningandbelievesthat:GoodprojectplanningiscriticaltoprojectsuccessPlanningrequiresthatmanagersbeawareofenvironmental conditionsfacingtheirorganizationandforecastfutureconditionsPlanningandcontrolarecriticalmanagementactivitiesregardlessofthetypeoforganizationbeing managedThelatterFigureTheP-O-L-CFramework(2)Do implementtheplanVirtuallyeveryorganisationrunsprojects,eitherformallyorinformallyInthis courseyouwilllearnplanningprinciplesandexecutionmethodssoyourprojectscanberunmoreeffectivelyandefficientlyatworkandindailylifeplanning,which istheprocessbywhichstrategiesareproduced,formsthebasisfortheimplementationofintendedstrategiesandstrategiccontrolStrategicplanning,Aplanisa predeterminedcourseofactiontoachieveaspecifiedgoal.PlanningshouldThetasksinvolvedinstrategicmanagementcanbebrokendownintostrategic planning,theimplementationofintendedstrategies,andstrategiccontrol