Tag Archives: #planning

Indian pharma well placed to develop.

Even before the break of Covid-19 outbreak,India was the largest producer of vaccines in the World.”Pharma vision 2020 ” took speed after the acceptance of Covid-19 by India.The goal is to become a World leader by end to end production of ‘Pharmaceutical’ products.The importance of Indian vaccine is that much that United State requested India to export ‘HydroxyChloroquine’ which is believed have some success in combatting Covid-19.This has shown the World that India has power and relevance in producing best medicines.Science ministry gave a statement that by August 15 would be releasing a novel corona virus vaccine.Six Indian companies are working day and night on Vividh -19 vaccine.Along with two Indian vaccines, Covaxin and ZyCov-D, world over 11 out of 140 vaccines candidates are in human trial said,the ministry.India a leading manufacturer of vaccines and generic medicines, is expected to play a key role in this race.Dozen of vaccines around the corner of the World are being in progress.

Year of COrona VIRus,YEAR of Major changes..

2020 would be definitely unforgettable for all of us who are witnessing this.This year brought up with itself many changes in us as well as around us.This year would rather be a story, which we would definitely forward to our future generations.This chapter rather become a new history in this World.The changes brought up by the ‘Castorphic Corona Outbreak’ are “Touch is the new phobia”.The biggest change this pandemic brought is that people are actually afraid of touching each other.”Online Film festivals and Music Concerts” are the new trend as the public gathering are prohibited so major film festival would be organized in collaboration with the “Youtube” which even named as ‘We Are One’s.”Video call for wedding Now” we never wondered that digitalization has a greater scope as now the video calls are taking place through video call.’Mask and gloves’ are part of lifestyle as they become so essential part in every-day life without it we can’t go out.Last the ‘Peope suffered the Most” exhausted migrant workers who walked for 100 km in order to go home falls sleep on the railway track.There also number of labourers who actually lost their life while walking backing to their homes.

Concept of Planning

Planning is deciding in advance the objectives to be achieved during a given period, formulating alternative courses of action to achieve them and selecting the best course of action.

Planning bridges the gap between where we are and where we want to go. It is like a mental exercise that requires imagination, foresight and sound judgment.

“Planning is deciding in advance what is to be done. It involves the selection of objectives, policies, procedures and programmes among alternatives”. – ME Hurley

“Planning is the thinking process, the organised foresight, the vision based on facts and experience that is required for intelligent action”. – Alfred and Beatty

Features of Planning

1. Planning is s primary function

Planning lays down the base for other functions of management. All other managerial functions are performed on the basis of plan made beforehand. Thus, it can be said that planning precedes other functions.

2. Planning focuses on achieving objectives

Planning start with the determination of objectives. It identifies the actions that would lead to the desired results quickly and economically. It has no meaning unless it contributes to the achievement of predetermined goals.

3. Planning is pervasive

It is required at all levels of management as well as in all departments of the organisation. It is not a function restricted to top level only. It is performed at every level.

4. Planning is continuous

Planning is an ongoing process as it follows a cycle. Once, a plan is drawn, it is implemented and is followed by another plan and so on.

5. Planning is looking ahead

Planning is for looking ahead and preparing for future. The purpose of planning is to meet future events effectively to the best advantage of an organisation.

6. Planning involves decision making

Planning is essentially the process of choosing among various alternatives. So in order to make a choice effective, examination and evaluation of each alternatives is necessary. Thus it is concerned with decision making.

7. Planning is a mental exercise

Planning is a mental exercise as it requires creativity, imagination and higher thinking with sound judgment. It is an intellectual activity of thinking rather than doing.

Benefits of Planning

1. Planning provides direction

By deciding in advance what is to be done, planning provides direction for action. It clearly defines what employees have to do and how to do.

2. Planning reduces risk of uncertainty

Planning is an activity which enables a manager to look ahead and anticipate changes. By deciding in advance, it shows the way to deal with changes and uncertain events.

3. Planning reduces overlapping and wasteful activities

Planning serves as the base for coordination. Various activities of different departments and division are carried on in an effective manner, which reduces the overlapping and wasteful activities.

4. Planning promotes innovative ideas

Planning requires high thinking and it is an intellectual process, so there is a great scope of finding better ideas and better methods to perform a particular job.

5. Planning facilities decision making

Planning helps the manager to look into the future and choose amongst various alternative courses of action. Thus it facilitate decision making.

6. Planning establishes standards for controlling

Planning provides the standards against which actual performance is measured. It helps in finding deviations and thus we can say planning provides the basis for controlling.

Limitations of Planning

1. Planning leads to rigidity

When in an organisation, a well defined plan is drawn then a manager may not be in a position to change it. This leads to create rigidity.

2. Planning may not work in a dynamic environment

Business environment is dynamic, it changes from time to time. Hence I becomes difficult to forecast future and it leads to create obstacles to effective planning.

3. Planning reduces creativity

Planning is an activity, which is done by the top management and rest of the members just implement these plans. Due to which much of the initiative or creativity inherent in managers or other members get lost or reduced.

4. Planning involves huge cost

Planning is an expensive process. Money, time and lots of efforts have to be made in forecasting, collection of information and evaluation of alternative etc. So, it is a costly process.

5. Planning is a time consuming process

Sometimes, plans to be drawn up take so much of time that there is not much time left for their implementation.

6. Planning does not guarantee success

The success of an enterprise is possible only when plans are properly drawn up and implemented. Planning is based on forecasts, which estimate the future and future prediction is very difficult thus, it does not guarantee success.

*The End*