INTRODUCTION TO MGMT CHAPTER 3 PART II TYPES OF PLANNING

Описание: In this video, we explore Chapter Three: Planning, a core function of management that focuses on setting goals and deciding in advance how to achieve them. The chapter explains the meaning, importance, and steps of planning, along with different types of plans such as strategic, tactical, and operational plans.

You will also learn about objectives, policies, procedures, rules, programs, and budgets, as well as the planning process, advantages and limitations of planning, and how planning contributes to organizational efficiency and effectiveness.

This lesson is especially useful for management, business, and economics students, as well as anyone interested in understanding how organizations prepare for the future through systematic planning.

📘 Topics covered:

Meaning and nature of planning

Importance of planning

Steps in the planning process

Types of plans

Objectives, policies, procedures, rules, and budgets

Limitations of planning

This video tutorial from Bright-Ethiopia covers various aspects of business planning and objectives, detailing the characteristics and advantages of objectives. It discusses internal environment corporate appraisal and categorizes budgets into three types: variable, program, and zero-base, covering different types of budget. The tutorial also touches upon organizational functions and the definition of rules and procedures in planning, emphasizing effective planning for any management or organizational structure.