Basic Understanding Of Planing in Management. Planning is the most important and Basic Step of any Decision which has to be made in a Business.

1. PLANNING IN
MANAGEMENT
BY-
Aarushi Bhatt (01) Anjali Rajput (04)
Dikshita Achanna (02) Anuncia Mary (05)
Ananya Srinivasan(03) Anousha Narayanan (06)

2. Planning
Planning involves defining the organization’s goals, establishing strategies for
achieving those goals, and developing plans to integrate and coordinate work
activities. It’s concerned with both ends and means.
SPECIFIC
GOALS
SPECIFIC
TIME
PERIOD
PLAN OF
ACTION

3. Importance of planning in management
Provides a sense of direction.
Goal-oriented.
Reduces uncertainty and risk.
Minimizes waste and redundancy.
Establishes the goals or standards used in controlling.
Facilitates effective decision making.

4. Principle Of Planning

5. STEPS
IN
PLANNING

6. Types Of Planning
•Time consuming
• Involves excessive paperwork
• Some times over emphasizes only the objectives
• Planning may become lopsided as it entirely depends on the mindset
and attitude of people concerned with planning
• Planning premises may not be fully reliable

8. Advantages of Planning
1. Organize your thinking
2. Plan your actions carefully
3. Identify potential flaws in your approach
4. Identify weaknesses in your plan and create corrective actions
5. Concentrate your efforts on the vital few objectives
6. Save time, money, and energy by avoiding confusion and mistakes.

9. Disadvantages Of Planning
1. Time consuming.
2. Involves excessive paperwork
3. Some times over emphasizes only the objectives
4. Planning may become lopsided as it entirely depends on the mindset and
attitude of people concerned with planning
5. Planning premises may not be fully reliable

10. References
1. Louis A. Allen, Management and Organization, McGraw-Hill Kogakusha, Ltd.
2. Jit S. Chandan, Organizational Behaviour, Vikas Publishing House.
3. Fred Luthans, Organizational Behaviour, McGraw-Hill.
4. Stephens P. Robbins,” Organizational Behaviour”, Prentice-Hall India.
5. Laurie J. Mullins,” Management and Organizational Behaviour”, Pitman.