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Definition of planning

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Definition of planning

Posted by Dev Vashisht 5 years, 2 months ago

CBSE > Class 12 > Business Studies

2 answers

Aaiman Farhin 5 years, 2 months ago

Planning refers to the process of determining a goal and than framing up policies and programmes to achieve those desired goals and allocating resources to achieve those desired goals.

Gaurav Seth 5 years, 2 months ago

• Deciding in advance what to do& how to do it. It is one of the basic managerial functions.

• It involves 2 aspects:
Setting of aims and objectives of the organization + Selecting and developing an appropriate course of action to achieve these objectives.

• Koontz and O‘Donnell – ―Planning is deciding in advance what to do, how to do, when to do, and who to do it. Planning bridges the gap from where we are to where we want to go. It makes it possible for things to occur which would not otherwise happen.

• Involves setting of objectives & developing an appropriate course of action to achieve these objectives

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