Meaning of planning in business management

What Is <b>Management</b>?

What Is Management? Planning is the process of thinking about the activities required to achieve a desired goal. We plan to get things done, organize the company to be effi-cient and effective, lead and motivate employees, and put in place controls to make sure our plans are followed and our goals are met? Good management is basic to starting a business, growing a business, and maintaining a business once it has achieved some measure of success.

<i>Management</i> - Wikipedia

Management - Wikipedia It is the first and foremost activity to achieve desired results. Management or managing is the administration of an organization, whether it is a business, a not-for-profit organization, or government body. Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees or of volunteers to accomplish its objectives through the application of available resources, such as financial, natural.

<b>Planning</b> Function of <b>Management</b>

Planning Function of Management It involves the creation and maintenance of a plan, such as psychological aspects that require conceptual skills. 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.

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