हिंदी

Functions of Management - Planning

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Topics

Estimated time: 7 minutes
CBSE: Class 12

Meaning

  • Planning means deciding in advance what to do and how to do it.
  • It bridges the gap between where the organisation is and where it wants to go.
  • It involves setting objectives for a given time period and choosing the best course of action to achieve them.
  • It is a rational approach to achieving predetermined organisational goals within a specified time frame.
  • Planning is linked to creativity and innovation.
CBSE: Class 12

Key Elements of Planning

  • Setting objectives for a time period.
  • Formulating alternative courses of action.
  • Selecting the best alternative from among those formulated.
  • Providing direction to the organisation.
CBSE: Class 12

Key Points: Planning

  • Planning = deciding in advance what to do and how to do it.
  • It bridges the gap between the current position and desired position of an organisation.
  • Planning involves setting objectives, identifying alternatives, and selecting the best one.
  • It is a rational and systematic approach to goal achievement.
  • Creativity and innovation are integral to planning.
  • Time is limited - planning must be time-bound.
  • A plan has no value unless it is properly implemented.

Video Tutorials

We have provided more than 1 series of video tutorials for some topics to help you get a better understanding of the topic.

Series 1


Series 2


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Planning 1 [00:09:17]
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