Planning Management Principles
Planning Management Principles 1. 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.
2. 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’Donnell.
“Planning may be broadly defined as a concept of executive action that embodies the skill of anticipating, influencing, and controlling the nature and direction of change” McFarland
Importance of Planning * Planning increases the organization's ability to adapt to future eventualities: The future is generally uncertain and things are likely to change with the passage of time. The uncertainty is augmented with an increase in the time dimension. With such a rise in uncertainty there is generally a corresponding increase in the alternative courses of action from which a selection must be made. The planning activity provides a systematic approach to the consideration of such future uncertainties and eventualities and the planning of activities in terms of what is likely to happen. * Planning helps crystallize objectives: The first step in planning is to fix objectives which will give direction to the activities to be performed. This step focuses attention on the results desired. A proper definition and integration of overall and departmental objectives would result in more coordinated inter-departmental activities and a greater chance of attaining the overall objectives. * Planning ensures relatedness among decisions: A crystallization of objectives as mentioned above would lead to relatedness among the decisions which would
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.
2. 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’Donnell.
“Planning may be broadly defined as a concept of executive action that embodies the skill of anticipating, influencing, and controlling the nature and direction of change” McFarland
Importance of Planning * Planning increases the organization's ability to adapt to future eventualities: The future is generally uncertain and things are likely to change with the passage of time. The uncertainty is augmented with an increase in the time dimension. With such a rise in uncertainty there is generally a corresponding increase in the alternative courses of action from which a selection must be made. The planning activity provides a systematic approach to the consideration of such future uncertainties and eventualities and the planning of activities in terms of what is likely to happen. * Planning helps crystallize objectives: The first step in planning is to fix objectives which will give direction to the activities to be performed. This step focuses attention on the results desired. A proper definition and integration of overall and departmental objectives would result in more coordinated inter-departmental activities and a greater chance of attaining the overall objectives. * Planning ensures relatedness among decisions: A crystallization of objectives as mentioned above would lead to relatedness among the decisions which would