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ppt
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3. MEANING OF PLANNING
Planning means deciding in advance what is to be done ,when it is to
be done and by whom it is to be done.
It is an intellectual process of thinking before doing .To plan means to
look ahead and chalk out future course of action.
4. “Planning is deciding the best alternative among others to
Perform different managerial operations in order to achieve
The predetermined goals.”
- Henry Fayol.
5.
6. 1. It focuses attention on objectives
Planning focuses on organizational objective
and direction of action for achieving the
objective.
7. 2. Planning reduces uncertainty
With the help of planning, an enterprise
can predict future events and make due provision
for them.
8. 3.It facilitates control
Planning help to control the performance of
business by comparing the actual performance
with standard performance and taking corrective
action.
9. 4.It helps in effective coordination
The activities and efforts of various departments and
individuals can be coordinated with the help of sub plans
which are part of the overall plans.
10. 5.It guides decision making
Planning helps in decision making by
selecting the best alternative among
various alternatives
11. 6.It encourages innovation and creativity
Planning is thinking in advance, there
is scope for finding better and different
methods to achieve the desired
objectives. This makes managers
innovative and creative in thinking.
