Organizational planning
| Organizational planning |
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| See also |
Organizational planning - this is the basic plan introduced in the company that affects its proper functioning. It is one of the most important parts of a business plan because it organizes the company and its activities. It consists of the systematic creation and updating of plans, based on knowledge about the future, organizing activities in such a way that this plan is implemented and controlling the results, using feedback[1].
The company's organizational plan should contain information about the company's area of activity - whether its scope is national or international. It should also contain a description of the organizational structure that is or will be in force in the enterprise[2].
Types of Organization Planning
Four main types of organizational organizations[3]:
- Financial - the goal of financial planning is to generate more income or increase the company's market share. Also, financial planning can anticipate financial problems and help solve them. An effective financial plan must take into account the actual financial picture of the company, taking into account current financial results and realistically achievable results in the future.
- Strategic - Strategic planning is about converting the company's vision into goals and tasks to achieve. It not only concerns the enterprise itself but also focuses its attention on the surrounding environment. Good knowledge of the industry, competition, and focus on the strengths and weaknesses of our business activity is very important here. It is also necessary to present the real state of the market and economy of a given country.
- Contingency - This is called Plan B, which is created by many companies. It assumes conditions and situations that go beyond normality. Thanks to it, the organization minimizes the risk and can avoid potential problems that can be catastrophic. It can save your business from collapsing in times of crisis and help it survive. A good contingency plan should establish realistic scenarios that have negative consequences as well as a solution to the assumed problems.
- Succession - Succession planning focuses on the managerial human factor. This plan should develop a situation when one of the key leaders leaves the organization, regardless of the reason for this departure. Such a plan should provide for some replacement and solutions that will still enable achieving the assumed goals. The succession plan should also include measures that can prevent any loss of leadership.
References
- Bryson J.M. (2018), Strategic Planning for Public and Nonprofit Organizations: A Guide to Strengthening and Sustaining Organizational Achievement. Jossey-Bass; 5 edition.
- Chikwe J.E., Biriowu C.S. (2018), Strategic planning and firm’s sustainability in turbulent business operating environment: lessons from selected oil and gas industry in nigeria. International Journal of Business and General Management, vol. 7.
- Gupta M., Kohli A. (2004), Enterprise resource planning systems and its implicationsfor operations function. Technovation, 1–10.
- Mumford M.D. (2014), The Psychology of Planning in Organizations: Research and Applications. Routledge Taylor & Francis Group.
Footnotes
Author: Julianna Lekarczyk
