Question

Explain the following as a feature of the planning function of management:

Planning is futuristic.

 Explain why planning is considered a futuristic function of management.

Answer 1

Future-orientated planning aims to achieve future objectives. Planning involves anticipating future conditions, identifying opportunities and challenges, and creating proactive plans to address them. A forward-thinking perspective enables managers to anticipate challenges, capitalise on trends, and position the organisation for long-term success.

Answer 2

Planning essentially involves looking ahead and preparing for the future. The purpose of planning is to meet future events effectively to the best advantage of an organisation. It implies peeping into the future, analysing it and predicting it. Through forecasting, future events and conditions are anticipated, and plans are drawn accordingly.