Planning is defined by Bateman and Snell (2009), as “The management function of systematically making decisions about the goals and activities that an individual, a group, a work unit, or the overall organization will pursue.” Planning is the difference between a successful and unsuccessful manager. .Planning, the first management function requires analysis of physical situations in a business, perhaps problems that need to be solved or analysis of systems that need improvement to become cost effective. Planning is the first step in management and is paramount as it facilitates control, valuable decision making and in the avoidance of business ruin. .Planning also requires anticipation of future needs of the company to be successful.…
Planning provides a sense of direction and purpose. All managers use the planning strategy to develop goals and courses of action, establish rules and procedures, and to forecast future outcomes. Planning requires management to evaluate, both internally and externally, the current state of the company and where it will be in the future. “Planning is a process consisting of several steps. The process begins with environmental scanning, which simply means that planners must be aware of the critical contingencies facing their organization in terms of economic conditions, their competitors, and their customers. Planners must then attempt to forecast future conditions. These forecasts form the basis for planning” (Barnett, 2006)…
kinicki & kreitner, 2008, defines management as “the process of working with and through others to achieve organizational objectives in an efficient and ethical manner.” Management comprises: Planning, organizing, resourcing, leading/directing/motivating, and controlling.…
Planning can be described as setting goals to be achieved and then deciding before the plan is put into action, what is needed to achieve these goals. A good example of planning is upper managers meeting and discussing the pros and cons of last year’s business growth or decline and what must be done to increase profitability. Good planning is very important for any business to be successful.…
Planning is really the foundation of management. It requires managers to evaluate where the company is currently and where it wants to be in the future.…
Management is the process of planning, organizing, directing and controlling an organization’s financial, physical and information resources to achieve its goals. Managers oversee the use of all these resources in their respective firms. All aspects of a manager’s job are interrelated. In fact, any given manager is likely to be engaged in each of these activities during the course of any given day.…
Planning is defined as setting goals and deciding the course of actions we need to take to be successful, putting together the rules and procedures on reaching our goal, putting together the plans on how we must proceed with our process, and deciding where you want the work place to be in the future. The planning stage is where all the other pats of management begin from and it is important at all levels of management.…
Planning is one of the key managerial functions which must be administered my management in order for all organisational objectives to be met. Goodstein, Pfeiffer and Noland (Harrison, E F. 1995 ) suggest "...planning is the process by which an organisation envisions its future and develops the necessary procedures and operations to achieve that future...It requires the clear setting of goals and objectives [which] provide the organisation with its core priorities and a set of guidelines for virtually all day-to-day managerial decisions"…
In the organization, planning is defined as the starting point of any management process, giving the organization direction, setting goals and forcing managers to be future orientated and be able to deal with business environmental changes. Planning indicates resources which could be utilized to achieve the set goals. Planning consists of two components, plans and goals. Planning is a management task and is probably the most important management task in the entire process of effective management as this starts the entire management task cycle.…
Planning is the foundation pillar of management. It is the base upon which all other areas of management are built. Planning requires administration to assess where the company presently is and where it would be in the coming years. From there, an appropriate course of action is determined and implemented to attain the company's goals and objectives.…
One of the steps, say the very first one, in the process of management is planning. Planning is understood as the process of setting goals and choosing the means to achieve these goals. Planning is essential for, without it, managers cannot organise people and resources effectively.…
Planning is the managing process that determines how an organisation will achieve its mission and vision and what resources is needed to achieve the goals of the organisation. Planning gives direction, and forces managers to look ahead and deal with changes in the business environment…
Planning is about defining goals, establishing strategies and developing plans to coordinate activities (Robbins and Coulter, 2009). Aaker (2001) said that planning is an essential role in making decision by reduces uncertainty within process, setting a standardized way of work which able to minimize waste of time, money and product. Moreover, it serves as a foundation to making a successful company, along with proper organizing, leading, and controlling activities. Without the existence of planning, a company will eventually lose focus and got lost in every attempt that it does, rendering it ineffective in reaching its established vision. The absence of proper planning will also cause the company to work inefficiently (Mason, 2007).…
Planning is the central function of management, and it pervades everything a manager does. In planning, a manager looks to the future, saying, “Here is what we want to achieve, and here is how we are going to do it” (Sims, 2002, p. 10).…
Its is basically achieving goals through people, manage the organization resources there are basically 3 resources financial resources , human resources and physiological resources.…