Planning- An Overview
Summary
TLDRIn this tale, a princess, betrayed by a wicked visor who usurps her throne, seeks refuge in the jungle and encounters a hermit. The hermit, an ex-student of Harvard Business School, imparts the wisdom of planning, emphasizing its importance in achieving goals. Through his guidance, the princess learns the principles of strategic planning, which she applies to regain her kingdom. The story illustrates the power of planning in overcoming adversity and achieving success, with the princess eventually ruling wisely and the hermit becoming her prime minister.
Takeaways
- 👑 The story revolves around a princess who, after her father's murder, seeks to reclaim her kingdom with the help of a hermit.
- 🌳 The hermit emphasizes the importance of planning as a foundational management function, crucial for achieving goals.
- 📈 Planning is described as a process for accomplishing purpose, acting as a blueprint for business growth and a roadmap for development.
- 🔍 Planning helps in setting objectives, making it easier to bridge the gap between current reality and desired future states.
- 🚦 A good plan should be realistic, with a clear view of expectations, and can be long-range, intermediate, or short-range.
- 🛣️ The planning process involves choosing a destination, evaluating alternative routes, and deciding on the specific course of action.
- 🏗️ Planning serves critical functions such as clarifying focus, providing a framework for business strategies, and offering a benchmark for performance measurement.
- 🔄 Planning is a dynamic and continuous process, flexible to adapt to changing conditions and future-oriented.
- 💡 The benefits of planning include reducing uncertainty, guiding decision-making, achieving coordination, and enhancing efficiency.
- 🚫 Limitations of planning include the inability to eliminate all risks, the potential for rigidity, and high costs associated with the planning process.
- 🏆 The story concludes with the princess successfully reclaiming her kingdom, highlighting the practical application of management principles in real-life scenarios.
Q & A
What was the situation the princess faced upon her return from abroad?
-Upon her return, the princess discovered that the wicked visor had killed her father and declared himself King.
Where did the princess go after the shocking discovery about her father's death?
-The shocked princess fled to the jungle to escape the wicked visor.
How did the princess end up in the hermit's hut?
-The starving princess found a small hut in the forest and fainted at its door. When she awoke, she was inside the hermit's hut.
What did the hermit propose to the princess to help her regain her kingdom?
-The hermit proposed to help the princess by formulating a plan and began her training in planning.
What is the definition of planning according to the script?
-Planning is defined as a process for accomplishing a purpose, a blueprint of business growth, and a roadmap for development.
What are the three steps to summarize planning as mentioned in the script?
-The three steps to summarize planning are: choosing a destination, evaluating alternative routes, and deciding the specific course of action for the plan.
Why is it important to have a plan according to the script?
-Having a plan is important because it helps management to clarify focus, provides a logical framework for business development, and offers a benchmark for measuring performance.
What are the features of planning as described in the script?
-Planning is a process, future-oriented, undertaken at all levels of the organization, flexible, pervasive, continuous, and goal-directed.
What are the limitations of planning as discussed in the script?
-The limitations of planning include the inability to eliminate risk, dependency on authentic information, time and money consumption, potential rigidity, and the challenge of adapting to a dynamic environment.
What are the essentials of a good plan as outlined in the script?
-A good plan should be continuous, creative, communicated, time-bound, flexible, and have an inbuilt controlling system.
How did the princess ultimately dethrone the wicked visor?
-The princess, with the help of her loyal subjects and the hermit's guidance, dethroned and imprisoned the wicked visor, and ruled her kingdom wisely.
Outlines
👑 The Princess's Exile and Quest for Restoration
The video script begins with a tale of a princess who is deeply loved by her father, the king. He sends her abroad for education, but upon her return, she finds her father murdered by a wicked visor who has usurped the throne. Overwhelmed by the tragedy, the princess flees to the jungle and collapses at the door of a hermit's hut. She is taken in by the hermit, to whom she narrates her plight. The hermit, moved by her story, pledges to help her reclaim her kingdom. This sets the stage for the princess's journey, which is marked by the hermit's introduction to the concept of planning as a critical tool for achieving her goals. The hermit explains that planning is a process for accomplishing objectives, a blueprint for growth, and a roadmap for development. It helps in setting clear objectives and bridging the gap between current reality and desired future states. The princess is taught that a plan should be realistic, considering the activities that will be undertaken to achieve the desired outcomes.
📈 The Fundamentals and Benefits of Planning
The second paragraph delves deeper into the importance and benefits of planning. It emphasizes that planning is a continuous process that is future-oriented and flexible, adapting to dynamic conditions. Planning is described as a pervasive and continuous managerial function that involves complex processes of perception, analysis, thought, communication, and action. It is goal-directed, and a manager cannot plan without clear objectives. The paragraph outlines the benefits of planning, such as reducing uncertainty and risk, guiding decision-making, achieving coordination, facilitating control, and enabling organizations to cope with changing environments. However, it also acknowledges the limitations of planning, such as the inability to eliminate risk entirely, the time and cost involved, and the potential for rigidity in a dynamic environment. The hermit, revealing himself as an ex-student of Harvard Business School, assures the princess that management principles can be applied to real-life situations to achieve success, suggesting that with a well-crafted plan, she can win back her kingdom.
🏆 The Triumph of Planning: Princess's Restoration and Prosperity
The final paragraph concludes the story with the princess applying the principles of planning to her quest. With the hermit's guidance, she formulates a strategy to regain her kingdom, leveraging the loyalty of her subjects. The wicked visor is dethroned and imprisoned, and the princess assumes her rightful place as ruler. The hermit, now her Prime Minister, and the Harvard-educated ex-student continue to use their management skills to guide the princess in leading her kingdom towards peace and prosperity. The paragraph reinforces the message that planning is essential in all aspects of life, from business to personal endeavors, and that success is achieved through careful planning and execution. It ends on an inspirational note, reminding the viewer that to be a winner, one must plan to win.
Mindmap
Keywords
💡Planning
💡Objectives
💡Strategy
💡Coordination
💡Control
💡Risk
💡Flexibility
💡Management
💡Benchmark
💡Enterprise
💡Efficiency
Highlights
The story begins with a princess whose father is killed by a wicked visor, prompting her to flee to the jungle.
The princess finds refuge in a hermit's hut and shares her tragic story with him.
The hermit offers to help the princess regain her kingdom by teaching her the importance of planning.
Planning is defined as a process for accomplishing a purpose and a blueprint for business growth.
Coons and O'Donnell's view on planning as deciding in advance what to do, how to do it, and who is to do it.
Planning bridges the gap between current reality and desired future outcomes.
A plan should be realistic, with objectives defined in both quantitative and qualitative terms.
Plans can be long-range, intermediate-range, or short-range, depending on the timeframe and scope.
The importance of a plan in securing external support and its role as a key to growth.
Planning can be summarized in three steps: choosing a destination, evaluating routes, and deciding on a specific course of action.
The critical functions of planning include clarifying focus, providing a framework for strategy, and offering a benchmark for performance measurement.
Planning is a continuous and flexible process that is future-oriented and adaptable to changing conditions.
Planning is a pervasive and continuous managerial function involving complex processes of perception, analysis, and decision-making.
Planning is goal-directed, and a manager cannot plan without knowing what they want to achieve.
Planning involves making choices among multiple goals and alternatives to achieve them.
The importance of planning is emphasized through quotes from ancient wisdom and Napoleon Hill.
The benefits of planning include reducing uncertainty, guiding decision-making, achieving coordination, and coping with change.
Limitations of planning include the inability to eliminate risk, the dependency on authentic information, and the potential for rigidity.
Essentials of a good plan include continuity, creativity, time-bound objectives, flexibility, and coordination.
Planning is necessary in all walks of life, including business, architecture, events, and personal life.
The hermit, an ex-student of Harvard Business School, uses management principles to guide the princess in her quest to regain her kingdom.
The princess applies the knowledge of planning to successfully dethrone the wicked visor and rule her kingdom wisely.
Transcripts
[Music]
planning and
[Music]
overview once upon a time there lived a
princess who was the apple of her
father's eye her father loved her dearly
and sent her abroad to complete her
education however when the princess came
back she was in for a shock
the wicked viser had killed her father
and declared himself King the shocked
princess fled to the
Jungle after wandering around in a day
state for more than a week the starving
princess Came Upon a small Hut She
fainted at the door when she awoke she
found herself in a hermit's hut she
narrated her story to the
hermit daughter you have suffered
Grievous L what do you propose to do sir
I'm helpless please help me regain my
kingdom arise daughter I will help you
we need to formulate a plan
plans yes don't you want to punish the
vizer and get back your kingdom thus
began the princess's training on the
first day The Hermit asked her some
questions where are we
presently in the
forest where do you want to
be in my kingdom ruling over it how do
you plan to get over there the princess
was silent The Hermit smiled this is
where you will learn about
[Music]
planning what is a
plan planning is a process for
accomplishing purpose it is a blueprint
of business growth and a road map for
development it helps in deciding
objectives both in quantitative and
qualitative
terms according to Coons and odonnell
planning is deciding in advance what to
do how to do and who is to do it
planning Bridges the gap between where
we are to where we want to go it makes
possible things to occur which would not
wise
occur what should a plan be a plan
should be a realistic view of the
expectations depending upon the
activities a plan can be long range
intermediate range or short range it is
the framework within which it must
operate for management seeking external
support the plan is the most important
document and key to
growth preparation of a comprehensive
plan will not guarantee success but lack
of a sound plan will almost certainly
ensure
[Music]
failure planning can be summarized in
three easy
steps one choosing a
destination two evaluating alternative
routes and three deciding the specific
cause of your plan
why is it important to have a plan it is
important to prepare a plan keeping in
view the necessities of the
Enterprise a plan is an important aspect
of
business it serves the following three
critical
functions planning helps management to
clarify focus and research their
businesses or projects development and
Prospects
planning provides a logical framework
within which a business can develop and
pursue business strategies over the next
3 to 5 years planning offers a benchmark
against which actual performance can be
measured and
[Music]
reviewed features of
planning planning is a process rather
than Behavior at a given point of time
planning is future
oriented planning is undertaken at all
levels of the
[Music]
organization planning is flexible as
commitment is based on future conditions
which are always
Dynamic hence plans have to be changed
in accordance with the changed
conditions planning is a pervasive and
continuous managerial function involving
complex processes of perception analysis
conceptual thought communication
decision and
action planning is always goal directed
a manager cannot plan anything unless he
knows what he wants to
[Music]
achieve planning is the primary function
of management as every activity needs to
be planned before it is actually per
formed in other words planning proceeds
all other managerial functions and
provides the very basis for organizing
Staffing directing and
controlling planning basically involves
making choices need for planning arises
when goals or objectives are many and
alternatives to achieve them are also
plenty while planning alternatives are
evaluated and a choice is is made
regarding which course of action is to
be
followed for instance princes you have
the choice to either capture your
kingdom or live in Exile since you have
decided to capture your kingdom you can
decide from amongst various Alternatives
how to go about it Choice one you can
claim the help of other kings who are
your
sympathizers Choice two your earthw
subjects can help you choice three you
can petition the UN or other NOS to help
you sir why is planning so important the
Ancients have always said the journey of
1,000 miles begins with one step
Napoleon Hill has said create a definite
plan for carrying out your desire and
begin at once whether you are ready or
not to put this plan into
action this very simple quote
encapsulates the importance of planning
planning is the Cornerstone of the
management function planning helps in
Bridging the Gap between the present and
future CA of
action princes now I will narrate to the
importance of the benefits of
planning importance and benefits
benefits of
planning let us have a quick look at the
benefits of
planning planning reduces uncertainty
risk and confusion in
operation planning guides the decision
making by the
managers planning helps in achieving
coordination and facilitates
control planning with an element of
flexibility makes the organization
capable of coping with the changing
enironment and facing
challenges planning leads to economy and
efficiency in
operations planning begins with the
determination of
objectives limitations of planning
planning can minimize the risk but
cannot eliminate the
risk the success of planning depends to
a great deal on authenticity of
information and external and internal
variables over which the planner has no
control planning is the big process so
it is very time consuming and money
consuming planning leads to
rigidity following a pre-decided plan
when circumstances have changed may not
turn out to be in the organization's
interest planning may not work in a
dynamic environment environment the
organization has to constantly adapt
itself to changes planning cannot forese
everything and thus there may be
obstacles to effective
planning planning reduces
creativity planning involves huge
costs planning does not guarantee
success the success of an Enterprise is
Possible only when plans are prop y
drawn up and
implemented any plan needs to be
translated into action or it becomes
meaningless Essentials of a good plan
the planning process must be continuous
and creative and communicated to the
lowest possible level planning should be
time bound and exist at all levels in
the
organization planning should not be
rigid and should coordinate the efforts
of the
Departments planning must have an
inbuilt controlling
system people are the essence of
planning this Factor should be kept in
mind while framing
[Music]
plans types of
planning planning is necessary in all
walks of life to name a few
architectural
planning business planning
comprehensive
planning event planning and
production Family Planning financial
planning life
planning marketing
plan strategic
planning remember you were born to win
but to be a winner you must plan to win
prepare to win and expect to win
sir you sound like a management Guru
actually I am an ex- student of Harvard
Business
School oh sir will this management
principal help me win back my
kingdom why not management principles
are meant to be applied in real life a
plan is a blueprint of how you execute
your dream in real life plans are
nothing planning is everything
armed with this knowledge the princess
made her plans her subjects were loyal
to her and ultimately she dethroned and
imprisoned the Wicked vizer the princess
ruled over her kingdom wisely and well
and what about the hermit well he became
her Prim Minister and the ex- student of
Harvard used his management skills to
guide the prince princess as she led her
subjects to peace and
[Music]
prosperity
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