Question: What Makes A Good Plan?

What is the first step in the planning process?

Establishing Objectives: Establishing the objectives is the first step in planning.

Plans are prepared with a view to achieve certain goals.

Hence, establishing the objectives is an important step in the process of planning.

Plans should reflect the enterprise’s objectives..

What are the 7 steps of the strategic management process?

Seven steps of a strategic planning processUnderstand the need for a strategic plan.Set goals.Develop assumptions or premises.Research different ways to achieve objectives.Choose your plan of action.Develop a supporting plan.Implement the strategic plan.

What are the steps of planning?

Stages in the Planning CycleDefine objectives. The first, and most crucial, step in the planning process is to determine what is to be accomplished during the planning period. … Develop premises. … Evaluate alternatives. … Identify resources. … Plan and implement tasks. … Determine tracking and evaluation methods.

What distinguishes a good plan from a poor plan?

A good plan should be simple, realistic and complete. A poor plan on the other hand is seen to have only long term goals which might be hard to achieve in the long run hence discouraging the planners to continue with the events (Gudda, 2011). …

What is basic planning?

PLANNING  Planning is preparing a sequence of action steps to achieve some specific goal  If you do it effectively, you can reduce much the necessary time and effort of achieving the goal. …

What are the qualities of good plan?

9 Basic Features of a Good Plan – Explained!It should define objectives: Objectives are the ultimate goals towards which all activities are directed. … It should be simple: … It should be clear: … It should be comprehensive: … It should be flexible: … It should be economical: … It should establish standards: … It should be balanced:More items…

What should be considered in making a plan?

1) Management and Executive time / input – Planning needs a 360 degree approach. … 2) Commitment – There is no use of making a time table or having an organizer if you don’t use it. … 3) Cost – No plan is complete without the costing factor. … 4) Research – … 5) Assumptions – … 6) Review –

What are the main attributes of best planning?

Top 10 Attributes Of Successful Strategic PlansObjective situational and stakeholder analysis. … Clarity of purpose and realistic goals. … Sense of urgency. … Strategies that underscore your values and play to your organizational strengths. … Understanding your culture. … Leadership. … Unwavering discipline. … Transparency.More items…•

What are the 5 steps in the planning process?

The Planning Process: Five Essential StepsStep 1 – Establish Your Objectives. To navigate the road to retirement, you must first map out your destination. … Step 2 – Determine Your Investment Style. … Step 3 – Evaluate Investments. … Step 4 – Choose an Appropriate Investment Plan. … Step 5 – Execute and Periodically Examine the Plan.

What are the 6 steps in the planning process?

The six steps are:Step 1 – Identifying problems and opportunities.Step 2 – Inventorying and forecasting conditions.Step 3 – Formulating alternative plans.Step 4 – Evaluating alternative plans.Step 5 – Comparing alternative plans.Step 6 – Selecting a plan.

How do you plan your day effectively?

The Complete Guide to Planning Your DayIntroduction.Make it a habit.Build your to-do list around your goals.Have a single daily priority.Plan with a productivity method.Choose a planning tool.Stick with your plan & course correct when needed.Reflect regularly.