Management : What do you know about Successful Planning?
Planning is the primary function of management. It precedes other functions because a manager plans before he acts. It involves the determination of objectives and selecting a course of action to achieve desired goals.
Planning is the starting point of management process. Other functions of management are related o end dependent on planning function. A plan is a predetermined future course of action. It acts as a tool for solving the problems of a business unit.
Planning is indispensable in the case of all business enterprises. Planning is a mental process requiring the use of intellectual faculties, foresight, imagination and sound judgement.
Planning is always done on the basis of past. Planning is an intellectual process while decision making is an action based method.
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