Explain the planning function of management, Management Theories

Assignment Help:

Explain the planning function of  management

PLANNING:- anning is the primary and crucial function of management. It is deciding in advance what to do, how to do it, when to do it, and who is to do it. It is looking ahead and preparing for the future. According to Henry Fayol,"Planning means to assess the future and make provision for it." Thus planning is the process by which a manager anticipates the future and discovers alternative courses of action open to him. It is a type of decision making, since it involves selecting along alternatives. It verifies the goals and directions of the management. McFarland writes that "Planning is both an organizational need and a managerial responsibility."  

 


Related Discussions:- Explain the planning function of management

Conclusive research, Conclusive Research: Conclusive research provides i...

Conclusive Research: Conclusive research provides information which helps the executive to make a ration decision. The marketing executive has to arrive at a suitable decision f

Designing simulation models include all except, Options in designing simula...

Options in designing simulation models include all except a. Repeating-versus non-repeating random numbers. b. Most versus all relevant variables. c. One versus several r

Predetermined motion time system, Predetermined Motion  time System ( PMTS)...

Predetermined Motion  time System ( PMTS): Predetermined  motion  time system  is defined  as a work  measurement  techniques  by which  normal or  basic  times  are establish

ERP in Production Plannong And Control, how it would help full ERP in prodc...

how it would help full ERP in prodction planning and control

Why is it important to study the several management theories, Q. Why is it ...

Q. Why is it important to study the several management theories that have been prepared? a. To make a unified global theory of management b. To use the experiences of pioneer

Mis, Discuss three (3) major challenges that typically users face in buildi...

Discuss three (3) major challenges that typically users face in building and/or using information systems AND elaborate the ways to overcome those challenges

What do you understand by management science theory, Q. What do you underst...

Q. What do you understand by management science theory? Management science theory makes use of various quantitative techniques to maximize resources. Operations Management, Tot

Business Qtm Assignment, Consider the following new business venture. An ag...

Consider the following new business venture. An agent is considering investment in one of three real estate parcels: • Option 1: multiunit rentals • Option 2: commercial building

Feeding in animal, disscuss with example thd machanisms involve in holozoil...

disscuss with example thd machanisms involve in holozoil

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