Share
Notifications

View all notifications

Define 'Planning'. - Business Studies

Login
Create free account


      Forgot password?
ConceptConcept of Planning

Question

Define 'Planning'.

Solution 1

Planning is a process which is primarily concerned with laying a foundation for the key goals of an organisation to be achieved. It makes sure that the organisation uses all its available resources to achieve the desired level of output in a given time. It ensures that the organisation follows a particular strategy in routine to achieve the desired results ultimately.

Solution 2

Planning implies to a state in advance, where to go and in which direction to move in order to achieve a target. Planning is a psychological process of thinking and deciding in advance about ‘what is to be done’ and ‘how it is to be done’. It is a mental activity in which the manager decides about the goals to be achieved and actions through which they are to be accomplished.

  Is there an error in this question or solution?

Video TutorialsVIEW ALL [2]

Solution Define 'Planning'. Concept: Concept of Planning.
S
View in app×