Preview

mcom

Good Essays
Open Document
Open Document
3012 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
mcom
PLANNING
Definitions, Meaning & characteristics of Planning:

Meaning and Concept of Planning
In simple words, planning is deciding in advance what is to be done, when where, how and by whom it is to be done. Planning bridges the gap from where we are to where we want to go. It includes the selection of objectives, policies, procedures and programmers from among alternatives. A plan is a predetermined course of action to achieve a specified goal. It is an intellectual process characterized by thinking before doing. It is an attempt on the part of manager to anticipate the future in order to achieve better performance. Planning is the primary function of management.
Definitions of Planning
Different authors have given different definitions of planning from time to time. The main definitions of planning are as follows:
According to Alford and Beat, "Planning is the thinking process, the organized foresight, the vision based on fact and experience that is required for intelligent action."
According to Theo Hayman, "Planning is deciding in advance what is to be done. When a manager plans, he projects a course of action for further attempting to achieve a consistent co-ordinate structure of operations aimed at the desired results.
According to Billy E. Goetz, "Planning is fundamentally choosing and a planning problem arises when an alternative course of action is discovered."
According to Koontz and O' Donnell, "Planning is an intellectual process, conscious determination of course of action, the basing of decision on purpose, facts and considered estimates."
According to Allen, "A plan is a trap laid to capture the future."
Nature / Characteristics of Planning

The main characteristics or nature of planning is given below:
Planning is an Intellectual Process
Planning is an intellectual process of thinking in advance. It is a process of deciding the future on the series of events to follow. Planning is a process where a number of steps are to be taken

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Mat 540 Quiz

    • 4571 Words
    • 19 Pages

    Answer (B) is correct. Planning is the determination of what is to be done and of how, when, where, and by whom it is to be done. Plans serve to direct the activities that all organizational members must undertake and successfully perform to move the organization from where it is to where it wants to be. No transactions that require recording in the general ledger take place during the planning cycle.…

    • 4571 Words
    • 19 Pages
    Satisfactory Essays
  • Good Essays

    Mgmt 408

    • 1548 Words
    • 7 Pages

    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. Planning is a detailed program regarding future courses of action. It is rightly said “Well plan is half done”. Therefore planning takes into consideration available & prospective human and physical resources of the organization so as to get effective co-ordination, contribution & perfect adjustment. It is the basic management function which includes formulation of one or more detailed plans to achieve optimum balance of needs or demands with the available resources.…

    • 1548 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    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.…

    • 652 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Global Crossing Management

    • 1116 Words
    • 5 Pages

    goals and activities that an individual, group, work unit, or organization will pursue in the…

    • 1116 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Planning: is the process of setting objectives and determining what should be done to accomplish them…

    • 5917 Words
    • 28 Pages
    Good Essays
  • Better Essays

    Organizational Behavior

    • 1318 Words
    • 6 Pages

    Planning is decision making concerning what needs to happen in the future and generating plans for action. In other words planning is the organizational process of creating and maintaining a plan; and the psychological process of thinking about the activities required to create a desired future on some scale.…

    • 1318 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    The textbook explains it best in the section, “planning provides a method of identifying objectives and designing a sequence of programs and activities to achieve these objectives.” In addition, “there seems to be as many diagrams of this process as there are authors.”…

    • 1956 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Research Task

    • 6261 Words
    • 26 Pages

    Planning is a way of thinking and organizing activities to achieve a set goal to help progress in something you may lack in.…

    • 6261 Words
    • 26 Pages
    Good Essays
  • Better Essays

    LTC MGT230 EssayWK2 2

    • 1806 Words
    • 5 Pages

    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.…

    • 1806 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Writing Process

    • 2196 Words
    • 9 Pages

    Planning is the process of setting document objectives, analyzing audience needs and responses, and developing a course of action to accomplish the objectives. Effective planning takes time at the beginning of the project, but overall saves a lot of time.…

    • 2196 Words
    • 9 Pages
    Better Essays
  • Good Essays

    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.…

    • 783 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    analysis of Apple Inc

    • 578 Words
    • 3 Pages

    Planning is the activity of preparing a scheme, program, or method that is worked out beforehand for the accomplishment of some set objectives. There are different types of planning which include strategic, tactical, operational and contingency planning.…

    • 578 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Imagine that you are appointed as the manager of a reputed company. How will you plan the various activities in your organization?…

    • 860 Words
    • 4 Pages
    Good Essays
  • Best Essays

    Planning is fundamentally a process of thinking ahead and anticipating difficulties through rational actions based on experience, prudence and imagination to conduct the course of development so as to realize the pet and professed goals.…

    • 2635 Words
    • 11 Pages
    Best Essays
  • Good Essays

    Planning is a process which involves the determination of future course of action, i.e. why an action, how to take an action, and when to take action are main subjects of planning. So planning is actually a future thinking for achieving goals.…

    • 1118 Words
    • 5 Pages
    Good Essays

Related Topics