Professional Documents
Culture Documents
ONE / 2017
BBPP1103
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BODY OF CONTENT
-Description
-Budget
-Graphics
-Strategic Plan
-Tactical Plan
-Operational Plan
-Standing Plan
8. References Page10
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Introduction of Planning and Company Background
Planning: Format
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The first type of planning based on format. Firstly, descriptive planning is achieved
when a planning written or stated in the form of statement. Descriptive planning is defined
objectives form the foundation for selecting appropriate content it is a specific statements
describing what the company need to achieve and it’s a planning instruction. It is a written
document where document lists the employee’s responsibilities and the core job functions,
goals, and expectations for performance. For example, a written job description set by human
resource to hire a technician. It is based on vision, mission and values. A written job plan
will guide an employee's use of his or her work time and inform the employee of the
priorities and needed outcomes. A job plans to assess an employee's progress on goals and
core responsibilities. To set a career, we must have interest, skills, abilities and value that
integrate through decision making to get a job.
Planning based on format falls in the budget. Budgeting is the way to control cash
flow, allowing the company to invest in new opportunity at the appropriate time. One of the
example master budget is a comprehensive planning document. Budget is usually prepared on
an annual basis. the forecast of revenues generated by the company's sales department and
sales vice-presidents. The results of all these budgets flow into the budgeted income
statement, budgeted statement of cash flows, and finally, into the balance sheet. The example
is production budget, material purchases budget and manufacturing overhead budget.
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Planning: Hierarchy
The second type of planning is hierarchy. It is done by all levels of management that
is top, middle and lower management. The objective of an organisation determined at each
level. Strategic plan, tactical plan and operation plan falls under hierarchy planning. Top-
level managers, or top managers, are also called senior management such as Chairperson of
the Board, President, Vice president, Corporate head. They make strategic plan in the
organisational hierarchy. They make decisions affecting the company. Top managers do not
direct the day-to-day activities of the firm but they set goals for the Vishay and direct the
company to achieve them. Top managers are ultimately responsible for the performance of
the organization, and often, these managers have very visible jobs. Top-level managers
require having very good conceptual and decision-making skills. According to (Top Level
Management, Boundless 2014) described that strategy is a way of problem solving. The
strategic plan is a general guide for the management of the organisation according to the
priorities and goals. Strategy involves the action plan of a company for achieving the
economic, social, and objective. It helps to bridge the gap between the long term vision and
short term decisions.
among staff, board members and external constituencies. Vision of Vishay is to achieve
success by combining innovative concepts with leadership in process of technology and
design and manufacturing excellence to offer products and services that reduce the cost,
improve the performance and shorten the time to market our target to customers worldwide
). Vishay’s mission to provide costumer with a single manufacturing source for discrete
semiconductor and passive components, produce a quality product and a customer service
worldwide Vishay ‘s Goals to implement corporate governance, create the value of
sustainability, expand global management and be a partner of choice. It determines the
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company direction. It will be a focused on delivery of a strategic opportunity for the
organisation and often driven top-down to meet a defined vision (Cecil, J., Davidson, S., &
Muthaiyan, A. 2006).
Tactical plans are the specific action steps necessary to get results. Tactical plans are
usually developed in the area of production, marketing, personnel finance and plant facilities.
Tactical plans are usually developed in the areas of production, marketing, personnel, finance
and plant facilities. Tactical planning is a short term planning., Tactical planning should focus
on what to do in the short term to help the organization achieve the long term objectives
determined by strategic planning. In Vishay Mid-level department managers participate in the
budgeting process through the information they provide to the finance team. As front-line
managers, they report departmental expenses and revenue contributions to both the
accounting department and plant manager, providing the fundamental information necessary
to project future income and expenses. Department managers also make personal
recommendations or requests for their departmental budgets based on their experiences on the
front line. A sales manager may request additional funds for staff training resources, for
example, while an accounting manager may request a payroll budget increase to hire
additional collections specialists.
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Planning: Frequency
Planning Based on frequency of use Frequency. All businesses must create plans
before making any decisions related to internal operations, short-term projects or long-term
development and financial growth. There are several types of plans for a given business, two
of which includes single-use plans and standing plans. Although both of these plans are used
in a business environment, neither falls under the definition of a business plan.
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stamp frame. The area is product development laboratory and being assigned to two material
engineer, and an assistant engineer. Then with a proper training, instruction and evaluations
done to successfully qualify the project to production floor.
Standing plans are often policies, procedures and regulation that developed to ensure the
internal operations of a given business are operating smoothly. It is usually a repeated
planning. Standing plans are often developed once and then modified to suit the business'
needs as required. Examples of standing plans include policies for employee interaction,
procedures for reporting internal issues in the company and regulations in terms of what is
allowable and what is prohibited in the business. In Vishay, employee disciplinary problems
such as late coming, absenteeism or no show, no employees are searching for internet porn
sites while working hours and neglect of duty and smoking on prohibited are. It is because
the rules and regulation made clearly by the human resource policy before joining work in
Vishay. Therefore, all the conducts above will cause disciplinary action. This includes verbal
warning, counselling, official written complain letter, disciplinary meeting with supervisor or
manager for the employee with problem. Some of the serious problem will cause detraction
of benefit as a Vishay worker, suspension or demotion and lastly termination. This is
monitored by Human Resource Department. Procedure refers to action or processes measured
when a certain situation arises. For example, before claiming any compensation from
Vishay’s Purchasing Department for damaged product sold, the customer must fulfil certain
procedure like to record the damage in the inventory system, to obtain approval from quality
department and lastly the report on damage done before 30 days. Standing plans which are to
be used over and over again lead to the development of policies, procedures, methods, rules
and strategies. Objectives, policies, procedures, rules, methods, strategies form the part of
standing plan. Every individual in the organisation has to follow the methods and procedures.
Standing plan is a long term planning and prepared by the top level management. The
objective of standing plan is to attain primary goals. Standing plan is stable in nature and
cannot be changed. Standing plan has five types that is objectives, policies, rules, procedure
and strategies.
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Lastly this is the summary of all three types of plan. There are three type of planning that
is format, hierarchy and frequency. Planning on the types format have descriptive planning,
budget planning and graphics. Planning based on hierarchy have strategic plan, tactical plan
and operation plan. Planning based on frequency have single use plan and standing plan. (Pai,
P., Chang, P., Wang, S., & Lin, K. 2004). In my opinion the most difficult type of planning to
be implemented is planning based on hierarchy in strategic planning. For example, lack of
worker in quality department where they have insufficient personnel to accomplish all the job
scope that have been drawn up to implement the ambitious strategies have developed by the
top level management. Financial resources can be a constraint on implementation as well.
Company management often finds it necessary to prioritize its strategies to make a judgment
about which ones are most critical to implement given the finite or even scarce financial
resources available. Implementation is a complex process because some strategies require a
long series of steps, proper timing to be successful, such as deciding the best time of year to
launch a new a new product. A change in strategic direction causes change through the entire
company. The entire department of the company have to agree and implement the revised
strategy. Not all the employees will agree with the new strategic direction. A change in
strategic direction causes ripple effects of change throughout the organization. Entire
departments or divisions may have to be reorganized to implement the revised strategies.
Reporting relationships may be redrawn. All employees may not agree with the new strategic
direction. They have resistance to change, they may resent the new responsibilities they have
been given, and, as a result, not put enough effort that is required for the new strategies to
succeed. Part of top management's job is to convince all members in the organization that the
changes, in the long run, will benefit everyone. If management communicates the reasons
behind the change in strategy, resistance can be minimized, and employees are more likely to
support the decisions that were made. A team work is required for strategic implementation.
Strategic implementation is not as simple as the small-business owner handing out a list of
tasks and due dates to each employee. Personnel within departments and across functional
areas must build a spirit of teamwork, pulling together to efficiently implement each strategy.
If there is friction within departments or functional areas, the strategies may not be
successfully implemented because vital communication will be lacking among team
members. Successful implementation requires everyone involved to contribute their
knowledge, special skills and time.
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REFERENCE
3.The fundamentals of production planning and control, Ed. Prentice Hall, Upper
Saddle River, NJ 07458, ISBN 0-13-017615-X [Chapman S. N. (2001)].
6.https://en.wikipedia.org/wiki/Vishay Intertechnology
7.http://www.infoentrepreneurs.org/en/guides/budgeting-and-business-planning/#5
9.http://www.infoentrepreneurs.org/en/guides/budgeting-and-business-planning/#5
10.https://www.boundless.com/management/textbooks/boundless-management-
textbook/strategic-management-12/strategic-management-86/what-is-strategy-415-1550/
11. http://www.vishay.com/company/about/mission/
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13.Pai, P., Chang, P., Wang, S., & Lin, K. (2004). A fuzzy logic-based approach in
capacity-planning problems. International Journal of Advanced Manufacturing
Technology, 23(11/12), 806-811. Retrieved November 27, 2007, from EBSCO Online
Database Academic Search Premier.
14.The Fundamentals of Production Planning and Chontrol, Ed. Prentice Hall, Upper
Saddle River, NJ 07458, ISBN 0-13-017615-X [Chapman S. N. (2001)].
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