Management
Planning Function of Management
Failing to plan is planning to fail
Planning in Management
Planning is deciding in advance what to do and how to do.It is one of the basic managerial functions. Before doing something, the manager must formulate an idea of how to work on a particular task. Thus, planning is closely connected with creativity and innovation. It involves setting objectives and developing appropriate courses of action to achieve these objectives.
Planning Definition
"Planning bridges the gap from where we are to where we want to go. It makes it possible for things to occur which would not otherwise happen"
- Koontz and O'Donnel.
Importance of Planning
Planning provides directions
Planning reduces the risks of uncertainty
Planning reduces overlapping and wasteful activities
Planning promotes innovative ideas
Planning facilitates decision making
Planning establishes standards for controlling.
(Read more on the Importance of Planning ...)
Features of planning
Planning focuses on achieving objectives
Planning is a primary function of management
Planning is pervasive
Planning is continuous
Planning is futuristic
Planning involves decision making
Planning is a mental exercise
Recommended Management Books
Study Books: Accredited Asset Management Specialist (AAMS) financial planning
Current Bid: $48.99
No Photo Water Resources Systems Planning And Management (Studies and Reports in Hydrol..
Current Bid: $98.99 HYPERION EPM PLANNING 11:MANAGE APPLICATIONS SELF-STUDY COURSEWARE
Current Bid: $53.32
No Photo NEW Performance Management and Resource Planning and Control - Study Text/Workbo
Current Bid: $20.92
Planning Process
Setting objectives: Objectives may be set for the entire organisation and each department or unit within the organisation.
Developing premises: Planning is concerned with the future which is uncertain and every planner is using conjucture about what might happen in
Failing to plan is planning to fail
Planning in Management
Planning is deciding in advance what to do and how to do.It is one of the basic managerial functions. Before doing something, the manager must formulate an idea of how to work on a particular task. Thus, planning is closely connected with creativity and innovation. It involves setting objectives and developing appropriate courses of action to achieve these objectives.
Planning Definition
"Planning bridges the gap from where we are to where we want to go. It makes it possible for things to occur which would not otherwise happen"
- Koontz and O'Donnel.
Importance of Planning
Planning provides directions
Planning reduces the risks of uncertainty
Planning reduces overlapping and wasteful activities
Planning promotes innovative ideas
Planning facilitates decision making
Planning establishes standards for controlling.
(Read more on the Importance of Planning ...)
Features of planning
Planning focuses on achieving objectives
Planning is a primary function of management
Planning is pervasive
Planning is continuous
Planning is futuristic
Planning involves decision making
Planning is a mental exercise
Recommended Management Books
Study Books: Accredited Asset Management Specialist (AAMS) financial planning
Current Bid: $48.99
No Photo Water Resources Systems Planning And Management (Studies and Reports in Hydrol..
Current Bid: $98.99 HYPERION EPM PLANNING 11:MANAGE APPLICATIONS SELF-STUDY COURSEWARE
Current Bid: $53.32
No Photo NEW Performance Management and Resource Planning and Control - Study Text/Workbo
Current Bid: $20.92
Planning Process
Setting objectives: Objectives may be set for the entire organisation and each department or unit within the organisation.
Developing premises: Planning is concerned with the future which is uncertain and every planner is using conjucture about what might happen in