What is planning .Explain the Importance of planning.
Answer - Planning is the basic function of management. It includes deciding the things to
be done in advance. It is an intellectual process of logical thinking and rational decision
making. Proper planning and implementation of planning accordingly helps the organisation
to achieve the goals and objectives.
Planning is a detailed programme of future courses of action.
Definition:-
James Stoner: “Planning is the process of establishing goals and a suitable course of
action for achieving these goals”.
Importance of planning.
Helps to set clear objectives.
Planning is concerned with setting objectives, goals and formulating plans to achieve them.
It helps the manager to analyse the position of the organisation in the present which results
to achieve (attain) the desired position in future.
Planning improves performance.
Proper planning at present improves performance of the employees in the future. It leads to
efficient working of employees. This improves the overall performance of the organisation.
Helps in decision making.
There are various alternatives in front of management of the organisation. Planning helps
the managers to select the best and suitable alternative for proper functioning by
considering all the positive and negative outcomes of the alternatives. It helps the manager
to take better and rational decisions.
Planning leads to optimum utilization of resources.
Organisational plans are prepared by considering the available resources and proper
allocation of resources. It facilitates optimum utilization of resources which brings high
efficiency and desired results. Wastage can be avoided by proper planning.
Answer - Planning is the basic function of management. It includes deciding the things to
be done in advance. It is an intellectual process of logical thinking and rational decision
making. Proper planning and implementation of planning accordingly helps the organisation
to achieve the goals and objectives.
Planning is a detailed programme of future courses of action.
Definition:-
James Stoner: “Planning is the process of establishing goals and a suitable course of
action for achieving these goals”.
Importance of planning.
Helps to set clear objectives.
Planning is concerned with setting objectives, goals and formulating plans to achieve them.
It helps the manager to analyse the position of the organisation in the present which results
to achieve (attain) the desired position in future.
Planning improves performance.
Proper planning at present improves performance of the employees in the future. It leads to
efficient working of employees. This improves the overall performance of the organisation.
Helps in decision making.
There are various alternatives in front of management of the organisation. Planning helps
the managers to select the best and suitable alternative for proper functioning by
considering all the positive and negative outcomes of the alternatives. It helps the manager
to take better and rational decisions.
Planning leads to optimum utilization of resources.
Organisational plans are prepared by considering the available resources and proper
allocation of resources. It facilitates optimum utilization of resources which brings high
efficiency and desired results. Wastage can be avoided by proper planning.
