Question

Question 4 . Using an example of private higher institution ,discuss the steps in the planning process.

Answer 1

Private Higher Institution

These universities has to deal with the students and their education in the competitive world. Therefore they must go step by step with strategic planning of what has to be done and when.

Steps in the planning process

1. Identify the purpose and objective - To plan well, one should be very clear as to the objective and goal of opening an institute or Company. Think of the objectives, facilities and areas of specialization the institute going to offer.

2. Risk Management process - Prepare the risk management policies and identified the threads and hazards that may come up at the time of implementation. Example, the campus area whether within the limits recognize by the government, the courses whether the license obtained and registration done.

3. Setting up of the courses/ manforce/ target students - Now once you know the risk associated, you can plan for the courses you may offer, number of students you would like to give admissions, the space available, teachers staff, staff to make appointment of teachers, etc.

4. Plan your Budget wisely - Whether you would like to operate as an NGO or as Private Organization for profit motive. Budget has to be set for moving forward accordingly, fixing remuneration of teachers and other staff, fees creteria, etc.

5. Employment of implementation team - Starting a company is not everyone cup of tea. Therefore eligible team who can implement the plans into action can only bring success. Never compromise on the quality of the people, they are the only asset you may have.

6. Execution - Put the plan into action. This may take time.

7. Follow up - Due feedback and followup is needed for any business success.