MBA and B.tech class notes
What is Planning ?
Planning is the process of determining the objective of
administrative effort and of devising in the organization. It‘s involves in the
creation and maintenance of plan. It is an endeavor to apply foresight to human
activities based on research in the organization. Planning is the preparation
for action to achieve organization goal.
Definitions:
O’Donnell and Weihrish: “Planning is an intellectually demanding
process; it requires the conscious determination of courses of action and the
basing of decisions on purpose, knowledge and considered estimates.”
Urwick: “Planning is a mental predisposition to do
things in orderly way, to think before acting and to act in the light of facts
rather than guesses”. Planning is deciding best alternative among others to
perform different managerial functions in order to achieve predetermined goals.
Mc
Farland: “Planning may be broadly defined as a concept
of executive action that embodies the skills of anticipating, influencing and
controlling the nature and direction of Change.”
Allen: “A plan is a trap laid to
capture the future.”
G.R. Terry: “Planning is the selection and relating of
facts and making and using of assumptions regarding the future in the
visualization and formalization of proposed activities believed necessary to
achieve desired results.”
Planning is an
Importance Function of Management:
Planning is the most
important and primary managerial function in the organization because it
determine the facts of the organization for achieving the required objectives.
All functions of an organization depend upon it to achieve goal.
- Planning gives right direction to the organization.
- Planning increases the efficiency of an organization.
- It helps to achieve objectives of the organization.
- It helps management in decision making.
- Decisions are made by the administration to ascertain activities to find the objectives.
- Managers determine the goals and prepare strategies to achieve them.
- Future results are fore sighted.
- It filled the gap between where we are and where we desire to go.
- It aids in organizing all available resources.
- It reduces the risks involved in business activities.
- It facilitates proper coordination between employees within an organization.
- It is important to maintain a good managerial control.
- It motivates the personnel of an organization.
- It encourages managers' creativity and innovation.
Thus, planning is essential in any organization for effective
management. It helps to achieve goals or target by using the available resources
and time. It provides a rational approach to pre-selected objective of
organization.
Its concepts is to identify what the organization what organization
want to do by answering these questions, which are-
- Where are we today in terms of business?
- Where we are going?
- Where we want to go?
- What to want to do for achieving it?
- When is the deadline?
- Where will this be done?
- Who will be responsible for it?
- How will it get done?
- How much time, energy, and resources are required to accomplish this goal?
Nb: In near future I will be sharing a post on “ Types of Plan ”.
Notes- this post shared here are base on my study
in case you find anything wrong and missing points than please bring it to my
notice.
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