Jigar4U
August 27th, 2009, 03:16 PM
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.
Steps in planning:
Establishment of objectives
Establishment of Planning Premises
Choice of alternative course of action
Formulation of derivative plans
Securing Co-operation
Follow up/Appraisal of plans
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.
Steps in planning:
Establishment of objectives
Establishment of Planning Premises
Choice of alternative course of action
Formulation of derivative plans
Securing Co-operation
Follow up/Appraisal of plans