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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 Term

Substitutes

A good or service that can take the place and serve some or all of the function of another. Classic examples of substitute goods include margarine and butter, tea and coffee. Substitutes rarely provide functionality and features identical to the other product. A substitute is a replacement. In Porter's model, substitute products refer to products in other industries that meet the same/similar need. To an economist, a threat of substitutes exists when a product's demand is affected by the price change of a substitute product.


Featured Planning Tip

Hope for the best, plan for the worst Hope is a belief that an outcome will occur. Hope and belief foster confidence. Supposedly John Jay (1813) wrote "To hope for the best and prepare for the worst, is a trite but a good maxim." This tip is an English proverb from prior to the 18th Century. The phrase means you should have a good plan that has contingency plans for the bad things that might happen, but you should often expect the best case to happen and believe that your overall plan will be successful.

Hope, desire and positive belief related to a plan builds confidence. Confidence can increase chances for success with a good plan.







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Copyright © 2004-15 by D. J. Power (see his home page). PlanningSkills.COMsm is maintained by Alexander P. and Daniel J. Power. Please contact them at djpower1950@gmail.com with questions. See disclaimer and privacy statement. This page was last modified on December 8, 2015.
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