Explain the advantages of planning, Management Theories

Assignment Help:

NEED,IMPORTANCE AND ADVANTAGES OF PLANNING

 Planning is valuable due to the following reasons:

 1.  Basis of Success

 Planning is the foundation of successful operation of any organization. Montgomery sums up that "Successful planning - i.e., a clear explanation of goals, determination of methods to move towards them and a review of progress-is the keynote of achievement in an organization."

2. Keystone management function

 Planning is without doubt the keystone management functions because all other functions are required to carry out the decisions of planning. Planning purpose distinguishes 'managers' from 'non-managers'.

 


Related Discussions:- Explain the advantages of planning

Operation, trace the hisyorical evolution of operation management from the ...

trace the hisyorical evolution of operation management from the mainly rural agricultural era of the artisans to the present day industrial revolution,high technology advancement a

PROCESS OF STRUCTURING -LIBRARY MANAGEMENT, PROCESS OF STRUCTURING The...

PROCESS OF STRUCTURING The formal structure of an organisation is two  dimensional-horizontal and  vertical. The horizontal dimension depicts differentiation of  the total org

Zoology, Phylum platyhelminthes

Phylum platyhelminthes

Managerial functions - organising , Organising Organising is the pro...

Organising Organising is the process of prescribing formal relationships among people and resources (i.e.,personnel, raw materials, tools, capital, etc.) to accomplish the g

MIS, can you helpe in my assignment

can you helpe in my assignment

Contribution margin and conversion ratio, Contribution Margin: A commo...

Contribution Margin: A common  of a firm's profitability and performance, this is a calculation of how much a firm's revenues exceed its variable costs of production, and ther

International assignments, the problems, challenges, solutions and the stra...

the problems, challenges, solutions and the strategies of international assignments

#title.care for elderly, identify the irritants disappointments and annoyan...

identify the irritants disappointments and annoyances of the elderly when it comes to health care when they needed them

Analysis of Case Study, Students will be given three different case studies...

Students will be given three different case studies during the tutorial of Week 2. Select two cases for analysis. Please note that - repeating material from the case study has no v

Effect of environment on the organization, what are the effects of environm...

what are the effects of environment on the organization

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd