Planning function

importance of planning in management

As each structure will create a different organizational approach to operations, it is critical to consider how the selection of a structure will affect the business process.

In this situation, more than one person provides direction to the group as a whole. Choice of alternative course of action When forecast are available and premises are established, a number of alternative course of actions have to be considered. It is the result of the philosophy, personality, and experience of the leader.

Fulfilling the Planning Function Planning is the process of thinking about and organizing the activities required to achieve strategic objectives.

planning function of management process involves mcq

There is link therefore between planning and controlling. Planning thus becomes the basis of all other functions of management. Establishment of planning premises is concerned to take such steps that avoids these obstacles to a great extent.

Forecasting can be described as predicting what the future will look like, whereas planning predicts what the future should look like.

Many believe planning is the most fundamental of the managerial functions because all other functions, including organizing, leading, controlling and staffing, stem from the planning function. For instance, consider there is a government regulation from buying a particular kind of machine because it is not eco-friendly.

what is planning and its function?
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Importance of Planning Function of Management