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 TermKeiretsu
Keiretsu are Japanese business combinations that may involve as many as 50 firms that are related through a large trading company or bank. The companies are coordinated through interlocking directors. A keiretsu is an "intricate web of relationships that links banks, manufacturers, suppliers, and distributors with the Japanese government". Horizontal keiretsu are headed by major Japanese banks and include Mitsui, Mitsubishi, Sumitomo, Fuyo, Sanwa, and Dai-Ichi Kangyo Bank Groups. Vertical keiretsu are industrial groups connecting manufacturers and part suppliers or manufacturers, wholesalers and retailers. Vertical keiretsu include car and electronics producers such as Toyota, Nissan, Honda--Matsushita, Hitachi, Toshiba, and Sony.
Featured Planning TipWhat gets measured, gets managed! Peter Drucker once said, “What gets measured, gets managed.” He recognized that managers need to understand how the unit, organization or individual is performing to get better at doing it and hence improve performance. A problem also occurs when we measure the wrong outcome and try to manage to improve that outcome and hope to improve what we really want to occur. Bad measurement can actually be worse than no measurement!