Welcome to PlanningSkills.COM
This website focuses on a wide variety of topics related to organization and individual planning situations. The primary focus is business planning.
Planning is an anticipatory decision making process that involves situation analysis, forecasting outcomes and events, evaluating alternative courses of action, anticipating consequences and considering implementation issues and contingencies. Planning often begins with asking one or more questions, for example: What if ...? Could we ...? Do we ...? Is it possible...? How should we respond ...? How can we ...? Is it feasible to ...?
In general, planning is a proactive process that is intended to help individuals, groups and organizations achieve performance objectives.
Featured Glossary TermOrganization Hierarchy
Organization hierarchy refers to how people and tasks are grouped. For example, an organization may be structured in functional units such as accounting and marketing, with only one type of specialist working in each of these units. Or, an organization can be structured in product units. In this instance, specialists of all types are grouped together within one unit. An organization hierarchy can consist of units such as divisions and departments. A department can be part of a company or of a division.
Featured Planning TipExploit asymmetry
According to Rumelt (1979), "Rivalrous environments reward the exploitation of asymmetry and the exploitation of asymmetry, in turn, leads to the formation of niches and specialization as a means of adapting to niches. ...
The assumption of rivalry, therefore, allows the use of a powerful rejection rule in evaluating strategy: a strategy that does not either create or exploit an asymmetry constituting an advantage must be rejected (p. 203)."
Asymmetry refers to an "imbalance of resources between competing or adversarial sides in an economic or political contest, where the 'weaker' side takes unexpected advantage of nimbleness, agility, and leverage of new technology or globalization. The term can refer to military struggles (counter-terrorism), or to business (individual entrepreneurs competing with bureaucratic, regulated companies.)"
Rumelt, R. P., "Evaluation of Strategy: Theory and Models", in Schendel, D. E. and C. W. Hofer, Strategic Management: A New View of Business Policy and Planning, Boston: Little, Brown and Company, 1979, pp. 196-212.