1. Understanding challenge. No planning is without reason. It is often a reaction to new circumstances or preparation for a situation seen as possible in the future. Whatever the case, a good appreciation of the challenges gives a firm start to planning.
Challenges in business include how to take full advantage of an opportunity, overcome a problem or avoid it, and simply plot a course of operation.
2. Setting objectives. Understanding well the situation calling for planning is followed by setting clearly-defined objectives which act as the specific targets to aim at.
3. Weighing objectives relative to environment. A situation analysis is done to decide how different factors, internal and external, favour or do not favour achievement of the objectives.
4. Making alternative plans. Different plans are formulated as possible routes. A key ingredient of this stage is providing for acquisition of resources that are likely to make attaining the goals possible, as suggested by step 3.
5. Choosing best plan. The best of the alternative plans is now selected.
6. Reviewing stages 1 to 5. A scrutiny of steps 1 to 5 is done to minimise chances of major errors or omissions.
7. Applying plan.The adopted plan is now carried out.
Rupert Chimfwembe
1 December, 2016
1 December, 2016
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