Analysis of The Concept of Planning in Professional Corporations

As we all know that for the success of any organization or anything planning play very important and vital role. The decision making process in PC (Professional Corporations) is decentralized. The model used is dynamic and flexible, whereby the top management takes their time while making decisions and explore and evaluate all the possible alternatives before choosing the rationally economic and feasible solution.

Programmed decisions are made by both the lower and top management with proper consultation with the lower managers while the daily and routine decisions are made by the line managers at the middle level with the prior permission or approval from the general manager. In decision making process manager of a department can take steps to make small planes but these plans but these plans should not be affecting the much to the department.

Concept of Planning in PC

PC uses approximately all horizons for planning including:

• Short term
• Long term
• Strategic planning

Short Term

In PC short term planning means that every manager of a department can take steps to make small planes but these plans should not be affecting the much to the department as planning need some crucial steps, the department manager discuss it with his upper management and also take suggestions from his employees too.

Long Term

The long term planning is more like the strategic planning. When we talk of strategic plan we mean plans that are organization wide, establish overall objectives and position in organization in terms of its environment.

Strategic Planning

Without a strategy the organization is like a ship without a rudder, going around in circles. It’s like a tramp that has no place to go to. “The process of developing and maintaining a strategic fit between the organizations goals and capabilities and its changing marketing opportunities.” It relies on developing a clear mission statement supporting objectives, a sound business portfolio and coordinating functional strategies.

Conclusion

Strategic planning of any business consists of step-by-step stages. The planning itself can be short-term and long-term, divided into points and sub-points. So, this is not a serious thing and if you form a plan correctly, you can achieve success in business.