Nature of Planning PDF

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nature of planning...

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Wh yp l a n ni ngi si mp or t a n tbe f or ep ut t i n gupabu s i ne s s ?

Ca ny ougi v emes omes pe c i fici ns t a nc e swhe r ey ouha v e / ne e dt opl a n?

*Planning Definition Planning means looking ahead and chalking out future courses of action to be followed. It is a preparatory step. It is a systematic activity which determines when, how, and who is going to perform a specific job. So this is according to Koontz & O’Donell, Planning is deciding in advanced what to do, how to do and who is to do it. What is the difference between GOAL AND PLAN? GOALS ARE THE TARGETS PLANS ARE THE MEANS OR ACTIONS TO USE TO ACHIEVE THE SAID PLANS NATURE OF PLANNING a. Planning is a mental activity It is an intellectual and rational process. A mental exercise involving imagination, foresight, and sound judgment. It requires a mental disposition of thinking before acting in the light of facts rather than guess. You will think of objectives, alternative courses of action and above all, in making decision for choosing certain alternatives, so you as a future manager, you will go through this intellectual process. So Planning is a mental activity b. Planning is goal-oriented All planning is linked up with certain goals and objectives. Planning has no meaning without being related to goals and objectives. It must bridge the gap between where we are and where we want to go at the minimum cost. c. Planning is forward looking So it is futuristic in nature. You are predicting what would be the future of your organization after executing those plans you created. d. Planning pervades all managerial activity Planning is a pervasive function of management. It is found at all levels and all departments of an organization. It is the job of all managers in all types of organization. So whatever be the nature of activity, management starts with planning e. Planning is the primary function Planning is said to be the most basic and primary function of management. Still remember the 4 functions of management? So as a matter of fact, all other functions of management depend upon planning. For example, control cannot exist without planning. Planning is therefore the primary function of management f. Planning is based on facts Planning is neither poetry nor philosophy.

It is based on facts and experience, and thereby realistic in nature....