Question

Statement with reasons whether the following statements are True or False:
Planning has no vital importance in the process of management.

Answer 1

This statement is False.
Reasons :
1. Planning means deciding the future course of action. To do any job we have first to study the exact nature of
the job, the factors necessary for executing the job, the method of doing the job, the time when the job is to
be completed and many other considerations. Thus, planning is the very first stage of management.
2. Planning is a systematic activity which determines when, how and who is going to perform a specific job. It is
a sort of detailed programme regarding the job to be completed in the future. It is the foremost, fundamental
and important function of management.
3. Planning makes the arrangement of requisite men, materials, machinery, methods and money, so that the
job can be completed effectively and efficiently. Planning takes into consideration the available and potential
human, physical and financial resources of the organisation and gets their effective co-ordination and necessary contribution.
4. Planning is concerned with both the processes of determining the objectives of the business and choosing
the most suitable course of action. Planning bridges the gap between where we are standing now and where
we want to reach. It is really looking ahead and preparing for future.