Planning is considered the first primary function of management. In this function, managers define the organizational goals and allocate resources of the ...

Once managers thoroughly understand the basics of planning, they can take steps to implement the planning process in their organization. Implementation is the ...

Planning establishes the goals or standard to make control effective: When managers plan, they develop goals and plan. When they control they see whether the ...

Nature of Planning. 1. Planning is goal-oriented: Every plan must contribute in some positive way towards the accomplishment of group objectives.

You will further learn the concepts of strategic planning, tactical planning, long-range planning, short-range planning and the essential principles of planning ...

controlling. Features of Planning: Planning focuses on achieving objectives; It is a primary function. of management; Planning is pervasive, continuous ...

Planning initiates the intellectual process as deciding the objectives, drafting the plans and programs, defining the policies for optimum utilization of the ...

Planning is deciding in advance what to do and how to do. It is one of the basic managerial functions. Before doing something, the manager must formulate an ...

Strategic planning is the art of creating specific business strategies, implementing them, and evaluating the results of executing the plan, in regard to a ...

1.2.3 Steps in Planning Process. Steps in Planning Function. Planning function of management involves the following steps: •. Establishment of objectives o The ...