What is the main function of planning?
Planning is the most basic of all managerial functions – Planning precedes all executory functions like organizing, directing, staffing, and controlling.
Planning preconceives an objective – Every plan specifies the objectives to be attained in future and steps necessary to reach them..
What are the four functions of planning?
While drawing from a variety of academic disciplines, and to help managers respond to the challenge of creative problem solving, principles of management have long been categorized into the four major functions of planning, organizing, leading, and controlling (the P-O-L-C framework).
What is planning and its features?
Planning is a decision in advance; what to do, when to do, how to do, and who will do a particular task. It is a process which involves thinking before doing. It is concerned with the mental state of a manager. Some of the features of planning are:- 1.
What is the importance of planning?
Helps to achieve objectives: Every organization has certain objectives or targets. It keeps working hard to fulfill these goals. Planning helps an organization to achieve these aims, but with some ease and promptness. Planning also helps an organization to avoid doing some random ( done by chance) activities.
What are the types of planning?
There are three major types of planning, which include operational, tactical and strategic planning. A fourth type of planning, known as contingency planning, is an alternative course of action, which can be implemented if and when an original plan fails to produce the anticipated result.