WHAT IS PLANNING IN MANAGEMENT

WHAT IS PLANNING IN MANAGEMENT

  07:38    Rahul R

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What is planning ?

Planning is deciding in advance what is to be done. It’s the determination of a course of action  to acheive the desired result. Planning involves problem solving ( identification of alternatives ) and decision making  (selection from alternatives) . In planning a manager searches for the alternative courses open to him and then select from these alternatives to determine general and specific objectives and detailed means for achieving them. It’s the fundamental function of management .

Nature of Planning

·         Planning is a mental activity

·         Planning is Goal oriented

·         Planning is forward looking

·         Planning is the primary function of management

·         Planning is  essentially decision making

Steps in planning

·         Establishing objectives

·         Establishing plan premises

·         Identification of alternatives

·         Evaluation of alternatives

·         Selectio of alternative

·         Formulation of plan

·         Arrange,Sequence and setting goals

·         Implimentation

·         Follow up