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 : All other functions like organizing ,staffing,
directing and controlling are designed to attain goals set under planning.
Planning precedes the execution of all other functions.


: It is a mean towards accomplishment of objectives,
it contributes to some positive way to the achievement of desired goal.

 

: Planning involves anticipating the future course
of action




: It is a mental exercise of thinking
before doing and acting in the light of facts, rather than guess.
 
: Development of new products ,launching of new improved methods
of production etc are the results of continuous planning, thus planning should be
creative.
  ! Planning is flexible as commitment is based on future conditions
which are always dynamic.
r.  : Planning must be actionable,i.e it must be capable of implementation not
being over-ambitious or impractical.
8.

: Required at all levels like at strategic planning at top level, tactical
planning at middle and operational planning at lower level.
9. : Planning should keeps on changing depending on the changing
environment.
10.
"! Planning involves choosing among alternative course of
action, if there is only one way of doing something there is no need of planning.
11. # : It must be simple enough so that it can be understandable specially to the
lower level workers.
12. $ :It must be ensure that the benefits of planning must be more than the cost
involved.
13.


: Planning is a structured process and different
plans constitute a hierarchy. Every lower level plans serve as a means towards the end
of higher plans.
14.
" 


 : Planning has no
relevance if it does not facilitate the achievement of objectives economically and
effciently.
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ë % &
: Managerial Planning seeks to
achieve consistent coordinated structure of operations focused on desired ends.


  !Other functions like organising,staffing,directing and
controlling are performed to achieve the objectives set by planning process.
 '

!
lanning helps the org to predict future events
and also identify potential threats and opportunities and also make due provision
for them.


 
!Planning bridges the gap between where we are
and where we want to go? It directs human efforts into endeavors that contribute
to the accomplishment of goals.
 (

 ! A good plan helps in making huge profit for the organization.
 $

!Planning is forward looking and it
enables the enterprise to cope with changes and it also monitors the enviornment
for new ideas and developments.
r ) 
!mound planning is forward looking and it enables an
enterprise to cope with technological changes and other developments. The
activities of various departments can be harmonized with the help of overall
plan.
* +!Planned targets serve as a criteria for the evaluation of
different alternatives so that the best course of action may be chosen. In the
absence of plans ,there is no sound basis for making future ±oriented decisions.
,

  
-!Planning helps in the delegation of authority
to lower levels of management. Well-established plans serve as a guides to
subordinates and reduce the risk involved in delegation of authority.
ë.

  
! Planning helps to reduce cost and to increase
economy by facilitating optimum utilization of resources. A good plan not only
optimizes productivity but provides satisfaction to those implementing it.
ëë 
! Control cannot be exercised without plans because function of
control is to ensure that the activities confirm to the plans.
ë (
 
"!Effective planning may increase the competitive
strength of the enterprise as planning may suggest new product launching ideas
and timely expansion of the scale of operation.