Planning is defined by Bateman and Snell (2009), as “The management function of systematically making decisions about the goals and activities that an individual, a group, a work unit, or the overall organization will pursue.” Planning is the difference between a successful and unsuccessful manager. .Planning, the first management function requires analysis of physical situations in a business, perhaps problems that need to be solved or analysis of systems that need improvement to become cost effective. Planning is the first step in management and is paramount as it facilitates control, valuable decision making and in the avoidance of business ruin. .Planning also requires anticipation of future needs of the company to be successful.…
kinicki & kreitner, 2008, defines management as “the process of working with and through others to achieve organizational objectives in an efficient and ethical manner.” Management comprises: Planning, organizing, resourcing, leading/directing/motivating, and controlling.…
Planning means looking ahead and chalking out future courses of action to be followed. It is a preparatory step. It is a systematic activity which determines when, how and who is going to perform a specific job. Planning is a detailed programme regarding future courses of action. It is rightly said “Well plan is half done”. Therefore planning takes into consideration available & prospective human and physical resources of the organization so as to get effective co-ordination, contribution & perfect adjustment. It is the basic management function which includes formulation of one or more detailed plans to achieve optimum balance of needs or demands with the available resources.According to 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.…
"Management is a distinct process consisting of planning, organising, actuating and controlling, performed to determine and accomplish stated objectives by the use of human beings and other resources".…
Planning is core to the success of any organization. Planning is the act of identifying future courses of action an organization will take. When planning, it is necessary to keep in mind the present state of the organization and the past state of the organization. It is usually assumed that the future state of the organization would be better than the present state and the past state.…
* It is the unifying and coordinating activity which combines the actions of individuals into meaningful and purposeful group endeavor.…
Planning involves selecting missions and objectives and the actions to achieve them. It requires decision-making. For every organization, planning process is rational and agreeable to the scientific approach to problem solving. It consists of a logical and systematic series of steps. Managers of higher level have to follow these steps:…
Schermerhorn, 2010 defines planning as the process of setting objectives and determining how to accomplish them. This involves setting performance expectations and goals for groups and individuals to channel their efforts toward achieving organizational objectives. It also includes the measures that will be used to determine whether expectations and goals are being met. Management process is described as planning, organizing, staffing, leading and controlling the use of resources to achieve performance objectives. Planning being the first of these functions sets the stage for others by providing sense of direction.…
Planning is about defining goals, establishing strategies and developing plans to coordinate activities (Robbins and Coulter, 2009). Aaker (2001) said that planning is an essential role in making decision by reduces uncertainty within process, setting a standardized way of work which able to minimize waste of time, money and product. Moreover, it serves as a foundation to making a successful company, along with proper organizing, leading, and controlling activities. Without the existence of planning, a company will eventually lose focus and got lost in every attempt that it does, rendering it ineffective in reaching its established vision. The absence of proper planning will also cause the company to work inefficiently (Mason, 2007).…
Its is basically achieving goals through people, manage the organization resources there are basically 3 resources financial resources , human resources and physiological resources.…
Planning is the central function of management, and it pervades everything a manager does. In planning, a manager looks to the future, saying, “Here is what we want to achieve, and here is how we are going to do it” (Sims, 2002, p. 10).…
Planning requires management to evaluate where the company is currently, and where it would like to be in the future. From there an appropriate course of action to attain the company's goals and objectives is determined and implemented.…
Planning is the function of management that involves setting objectives and determining a course of action for achieving these objectives. Planning requires that managers be aware of environmental conditions facing their organization and forecast future conditions. It also requires that managers be good decision-makers. They must then formulate necessary steps and ensure effective implementation of plans. Finally, planners must constantly evaluate the success of their plans and take corrective action when necessary. There are many different types of plans and planning: STRATEGIC PLANNING, TACTICAL PLANNING, OPERATIONAL PLANNING.…
Management is the planning, organizing, leading and controlling of human and other resources to achieve organizational goals efficiently and effectively.…
In the organization, planning is defined as the starting point of any management process, giving the organization direction, setting goals and forcing managers to be future orientated and be able to deal with business environmental changes. Planning indicates resources which could be utilized to achieve the set goals. Planning consists of two components, plans and goals. Planning is a management task and is probably the most important management task in the entire process of effective management as this starts the entire management task cycle.…