Define concept of planning.
Planning
- Planning is a process of setting future courses of action regarding what to do, how to do when to do it, who will do it to attain the organizational goals, and so on. It is one of the management functions that is concerned with setting organizational goals and actions to achieve them. Planning sets the future goals of the organization and selects the course of action to attain the goals effectively and efficiently. In this regard, planning can be described as the process of setting action plans to direct activities of the organization to guarantee its success. If the planning process sets various goals, objectives, and courses of action to attain these. It is an intellectual process as to think in an advance about the things to be done in the future.
- In organizations, planning is a management function that defines the goals for future direction and determines the missions and resources to achieve the targets. To meet the goals, managers may develop different plans such as a business plan, operating plan, or functional plan.
- It is well said that a well-designed plan is half completion of the task'. It means that if we plan appropriately, half of the total tasks get completed effectively and efficiently. Planning is the blueprint of organizational goals, actions to accomplish the goals, resources as well as employee motivation. For organizational success, there must be a specific, measurable, attainable, realistic, and focused plan. Such a plan helps tackle environmental uncertainty.
- Koontz and Weirich - "Planning involves selecting missions and objectives and the actions to achieve them."
- Henry Fayol- "Planning is deciding the best alternative, among others to perform different managerial operations in order to achieve the predetermined goals.
- " Stephen P. Robbins - "Planning is deciding in advance about what to do, how to do when to do it, and who is to do it. It provides the ends to be achieved."
- Koontz and O'Donnell- "Planning is an intellectual process, the conscious determination of courses of actions, the basis of decisions a purpose, facts and considered estimates."
- Louis Allens "Management planning involves the development of forecasts, objectives, policies, programs, procedures, schedule and budget and budgets - it is a trap laid to capture the future."
- In conclusion, planning is the process of determining organizational goals, objectives, and course of action to be followed in the future. It is an intellectual process in which managers formulate and select the best course of action ensuring effective and efficient functions. Planning represents the vision, wisdom, and foresightedness of managers. Planning needs to be flexible as it requires addressing the dynamic business environment. Thus, planning is the means for organizational success.
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