Planning in Management
1. Introduction
In this essay there is in-depth discussion about the function on planning. The importance of planning, and why it is required in every managerial activity is brought out by this essay. The nature and is effects on the other managerial functions. The various situations and problems faced if planning fails.
2. The importance of planning in the modern world:
In the dynamic environment of the modern world, time is considered as money. One needs to be at the right place at the right time in order to gain maximum benefit from time. New age has brought along with it innumerable life-changing opportunities. There are many who understand the delicacy of the nature of opportunities offered by time and manage to gain their share and on the contrary, there are many who can not avail the opportunities the developing modern world has to offer merely because of an unplanned and distorted approach toward time management. World in the present age is so rich methodologically that one task can be done in a number of ways. However, in order to be successful, it is imperative that one chooses the right course of action among the variety of ways in which a task can be done. Hence effective and appropriate time management is the key to success, and planning is undoubtedly the fundamental prerequisite and can be considered as the soul of time management. However, the function of planning is not complete until the goals are achieved. This paper analyzes the nature and function of planning with an emphasis on its functionality toward the achievement of the organization’s goal. 4
3. Nature and functions of planning:
Planning can be defined as:
“Planning is deciding in advance what to do, how to do and who is to do it. Planning bridges the gap between where we are to, where we want to go. It makes
Possible things to occur which would not otherwise occur”. (Koontz & O’Donell, cited in www.managementstudyguide.com, 2009).
The process of planning is
In this essay there is in-depth discussion about the function on planning. The importance of planning, and why it is required in every managerial activity is brought out by this essay. The nature and is effects on the other managerial functions. The various situations and problems faced if planning fails.
2. The importance of planning in the modern world:
In the dynamic environment of the modern world, time is considered as money. One needs to be at the right place at the right time in order to gain maximum benefit from time. New age has brought along with it innumerable life-changing opportunities. There are many who understand the delicacy of the nature of opportunities offered by time and manage to gain their share and on the contrary, there are many who can not avail the opportunities the developing modern world has to offer merely because of an unplanned and distorted approach toward time management. World in the present age is so rich methodologically that one task can be done in a number of ways. However, in order to be successful, it is imperative that one chooses the right course of action among the variety of ways in which a task can be done. Hence effective and appropriate time management is the key to success, and planning is undoubtedly the fundamental prerequisite and can be considered as the soul of time management. However, the function of planning is not complete until the goals are achieved. This paper analyzes the nature and function of planning with an emphasis on its functionality toward the achievement of the organization’s goal. 4
3. Nature and functions of planning:
Planning can be defined as:
“Planning is deciding in advance what to do, how to do and who is to do it. Planning bridges the gap between where we are to, where we want to go. It makes
Possible things to occur which would not otherwise occur”. (Koontz & O’Donell, cited in www.managementstudyguide.com, 2009).
The process of planning is
References: Chinese People. (2010) Retrieved from http://www.travelchinaguide.com/faq/. Deen, T. (2009). India, China Fight Poverty, Population Growth. Retrieved from http://ipsnews.net/news.asp?idnews=47652. Freedman, T., (2010). Managing Change: The Importance of Planning. Retrieved from http://www.ictineducation.org/home-page/2010/4/17/managing-change-the-importance-of-planning.html. Marquis, B. L. and Huston, C. J. (2009). Leadership Roles and Management Functions in Nursing: Theory and Application Planning Function of Management. (2009). Retrieved from http://www.managementstudyguide.com/planning_function.htm. Pride, W. M., Hughes, R. J. and Kapoor, J. R., (2010). Business. USA: South-Western Cengage Learning Purho, V., (2004). Well Planned Is Half-Done. Retrieved from http://www.ebstc.org/newsletter/0304/reprint2.htm Ward, G. and Morris, R. (2004). The Cognitive Psychology of Planning. England: Psychology Press