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7 pom final

The document outlines the functions of management, including planning, organizing, staffing, leading, and controlling, and emphasizes the importance of planning as a foundational managerial function. It details the planning process, types of plans, and the organizational plan hierarchy, while also discussing the limitations of planning and the significance of mission, vision, objectives, strategies, policies, and procedures. Additionally, it includes a SWOT analysis example related to Amazon, highlighting its strengths, weaknesses, opportunities, and threats.

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abhinavppradeep2
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9 views5 pages

7 pom final

The document outlines the functions of management, including planning, organizing, staffing, leading, and controlling, and emphasizes the importance of planning as a foundational managerial function. It details the planning process, types of plans, and the organizational plan hierarchy, while also discussing the limitations of planning and the significance of mission, vision, objectives, strategies, policies, and procedures. Additionally, it includes a SWOT analysis example related to Amazon, highlighting its strengths, weaknesses, opportunities, and threats.

Uploaded by

abhinavppradeep2
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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📌 Functions of Management - Flowchart

1️⃣ Functions of Management (POSLC)

🔹 Planning → Deciding what to do & how​


🔹 Organising → Structuring resources & teams​
🔹 Staffing → Hiring, training, and managing personnel​
🔹 Leading (Directing) → Motivating & guiding employees​
🔹 Controlling → Monitoring performance & making corrections

2️⃣ Planning

📌 Definition:​
✔ Basic managerial function​
✔ Focuses on creativity & innovation​
✔ Involves setting objectives & determining actions

📌 Importance of Planning:​
✔ Provides direction​
✔ Reduces uncertainty & risks​
✔ Eliminates overlapping & wasteful activities​
✔ Encourages innovation​
✔ Facilitates decision-making​
✔ Establishes control standards

3️⃣ Features of Planning (Goal Primary PC FDM)

🔹 Goal-Oriented → Focuses on objectives​


🔹 Primary Function → Foundation for other functions​
🔹 Pervasive → Applies at all levels​
🔹 Continuous → Needs updates & adjustments​
🔹 Futuristic → Based on forecasts​
🔹 Decision-Making → Involves choosing best alternatives​
🔹 Mental Exercise → Requires foresight & judgment

4️⃣ Limitations of Planning (Rigid cost time success)

🔹 Rigidity → Hard to change in uncertain situations​


🔹 Unsuitable for Dynamic Environments → Hard to predict future trends​
🔹 Reduces Creativity → Top-down approach limits innovation​
🔹 High Costs → Requires time, money, and research​
🔹 Time-Consuming → Leaves little time for execution​
🔹 No Guarantee of Success → Only works with proper execution

5️⃣ Planning Process (OBJECT PREMISE IE SIF)

1️⃣ Setting Objectives → Define organization & department goals​


2️⃣ Developing Premises → Make assumptions about the future​
3️⃣ Identifying Alternatives → Explore different ways to achieve goals​
4️⃣ Evaluating Alternatives → Compare pros & cons, feasibility, and impact​
5️⃣ Selecting the Best Alternative → Choose the most effective strategy​
6️⃣ Implementing the Plan → Execute and integrate with management functions​
7️⃣ Follow-up & Monitoring → Ensure proper execution & make adjustments

6️⃣ Types of Plans

📌 Based on Usage
🔹 Single-Use Plans → For one-time projects (budgets, programs)​
🔹 Standing Plans → For recurring activities (policies, procedures, rules)
📌 Based on Time Frame
🔹 Long-Term Plans → 4-5 years, for top-level strategies​
🔹 Short-Term Plans → ≤1 year, daily operations, middle & lower levels
📌 Based on Functionality
🔹 Strategic Planning → Top-level, long-term goals​
🔹 Tactical Planning → Middle-level, refining strategic plans (6 months–2 years)​
🔹 Operational Planning → Lower-level, execution & short-term (1 week–1 year)​
🔹 Contingency Planning → Plans for unexpected events & emergencies

7️⃣ Organisational Plan Hierarchy

📌 Top-Level → Strategic Planning → Long-Term Plans​


📌 Middle-Level → Tactical Planning → Short-Term Standing Plans​
📌 Lower-Level → Operational Planning → Single-Use Short-Term Plans
✔ Mission & Objectives → Define purpose & goals​
✔ Strategies & Policies → Guide decision-making​
✔ Rules & Procedures → Ensure smooth execution​
✔ Budgets & Programs → Allocate resources

Mission & Purpose

🎯
💡
●​ Mission : Defines the company’s business, objectives, and approach.
●​ Purpose : Explains why the company exists.

🧑‍🤝‍🧑
●​ Components:

💼
○​ Key Market : Who are the customers?

🌟
○​ Contribution : What product/service is provided?
○​ Distinction : What makes it unique?

Vision vs. Mission


🤔
🚀
●​ Purpose : Why are we going?

🔮
●​ Mission : How will we get there?
●​ Vision : What will it be like when we arrive?

Objectives & Goals 🎯


●​ The desired future state an organization aims to achieve.
●​ General statements about profitability, growth, and survival.

Strategies 🧩
●​ Long-term objectives and resource allocation.
●​ Understanding the environment & creating a competitive position.

Policies 📜
●​ General guidelines for decision-making.
●​ Examples: Ethical standards, hiring policies, pricing strategies.

Procedures & Rules

📝
⚖️
●​ Procedures : Step-by-step methods for tasks.
●​ Rules : Strict, non-negotiable actions (e.g., traffic laws).

Programs & Budgets 💰


📅
💵
●​ Programs : Defined plans including goals, policies, and tasks.
●​ Budgets : Numerical statements of expected results.

Decision Making 🧠
●​ Core of planning; requires data evaluation & removal of bias.

🔄
●​ Types:

❓
○​ Programmed Decisions : Routine, structured problems.
○​ Non-Programmed Decisions : Unique, unstructured problems.

SWOT Analysis
Factor Positive ✅ Negative ❌
Internal Strengths 💪 (brand, R&D, resources) Weaknesses ⚠️ (low margins,
inefficiency)

Externa Opportunities 📈 (market expansion, Threats 🚨 (competition,


l tech growth) regulations)

Amazon SWOT Example


●​ Strengths: Cloud computing, logistics, brand identity.
●​ Weaknesses: Low profit margins, seasonality.
●​ Opportunities: E-commerce growth, brand expansion.
●​ Threats: Cybersecurity risks, patent issues.

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