planning

(noun)

The act of formulating a course of action, or of drawing up plans.

Related Terms

  • contingency planning

Examples of planning in the following topics:

  • Planning and Decisions

    • In the short run, planning is easy to postpone.
    • A plan helps to, and serves as a way to, measure the efficiency and effectiveness of an organization in accomplishing its strategic plans.
    • Companies often use SWOT analysis when planning.
    • A budget is an example of a financial plan that formalizes strategic plans in monetary terms.
    • Regardless of the level of planning, plans must be re-examined regularly in the light of changing conditions and circumstances.
  • Employee Retirement Income Security Act

    • ERISA also does not cover plans maintained outside the United States primarily for the benefit of nonresident aliens or unfunded excess benefit plans
    • Requires plans to provide participants with plan information including important information about plan features and funding.
    • Requires plans to establish a grievance and appeals process for participants to get benefits from their plans.
    • Kennedy created the President's Committee on Corporate Pension Plans.
    • ERISA does not require employers to establish pension plans.
  • The Business Plan

    • A business plan is a formal statement of a set of goals, the reasons they are believed attainable, and the plan for reaching those goals.
    • A business plan is a formal statement of a set of business goals, the reasons they are believed attainable, and the plan for reaching those goals.
    • Business plans may also target changes in perception and branding by the customer, client, taxpayer, or larger community.
    • The following categories are important inclusions in any business plan:
    • Business Plan Executive Summary: The executive summary is a snapshot of your business plan as a whole and touches on your company profile and goals.
  • Putting the Plan to Work

    • Any decision will get four benefits out of planning:
    • Planning establishes independent goals.
    • Planning provides a standard of measurement.
    • Planning converts values to action.
    • You think twice about the plan and decide what will help advance your plan best.
  • Developing Alternate Plans of Action

    • Planning also makes decision making much simpler .
    • Planning establishes independent goals.
    • Planning provides a standard of measurement.
    • Planning converts values to action.
    • You think twice about the plan and decide what will help advance your plan best.
  • Socialism and Planned Economies

    • A planned economy is a type of economy consisting of a mixture of public ownership of the means of production and the coordination of production and distribution through state planning.
    • Economic planning in socialism takes a different form than economic planning in capitalist mixed economies.
    • In socialism, planning refers to production of use-value directly (planning of production), while in capitalist mixed economies, planning refers to the design of capital accumulation in order to stabilize or increase the efficiency of its process.
    • Enrico Barone provided a comprehensive theoretical framework for a planned socialist economy.
    • The command economy is distinguished from economic planning.
  • Operations: the logistical rim on the wheel

    • Operations in a startup begin with the composition of a business plan.
    • Business plans are usually written to obtain financing for a new venture.
    • Executive Summary which goes at the beginning of your business plan but is often written last should contain a brief summary of each of the above mentioned business plan sections.
    • With a draft business plan in hand and your legal company business entity established it's time to fully map out the operations/processes you plan to utilize to implement your business plan.
    • and given your unique plans, you may choose to have additional columns.
  • Evaluating results

    • No marketing program is planned and implemented perfectly.
    • In an effort to ensure that performance goes according to plans, marketing managers establish controls that allow marketers to evaluate results and identify needs for modifications in marketing strategies and programs.
    • Finally, to the extent that discrepancies exist between actual and planned performance, adjustments in the marketing program or the strategic plan must be made.
    • Once a plan is put into action, a marketing manager must still gather information related to the effectiveness with which the plan was implemented.
  • Let the fruits of your labor blossom: the new product/service launch event plan

    • We will discuss, by way of example, a new product launch event but it's worth noting that the same general principles apply whether you are planning a new product or new service launch event.
    • Events organized around a new product/service launch are typically postponed or cancelled because the new product/service does not turn out as anticipated.Build this scenario into any planned event so that you can recoup some of the costs if the event needs to be cancelled.
    • What is your backup plan?
    • Do you have a contingency plan if few people respond to your invitation to the new product launch event?
    • Blog back: Develop a plan for your new product launch.Include the name and description of the venue you plan to showcase your new product as well as a detailed budget of the researched expenses and a forecast of the media coverage you hope to gain during the launch event.
  • Identify your information systems needs

    • Many organizations take their business plan down another level and have formal plans for individual departments, such as sales and marketing, operations, and human resources.
    • In a very small organization an information systems plan can be developed by one or two individuals.
    • The important thing is that resources devoted to developing an information systems plan have knowledge of current and emerging information and communications technologies as well as a solid understanding of the organization's strategic plan.
    • plans of individual organizational units developed in support of the organization's plan
    • Once a plan is agreed, it is implemented.
Subjects
  • Accounting
  • Algebra
  • Art History
  • Biology
  • Business
  • Calculus
  • Chemistry
  • Communications
  • Economics
  • Finance
  • Management
  • Marketing
  • Microbiology
  • Physics
  • Physiology
  • Political Science
  • Psychology
  • Sociology
  • Statistics
  • U.S. History
  • World History
  • Writing

Except where noted, content and user contributions on this site are licensed under CC BY-SA 4.0 with attribution required.