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Justify the following statement. Planning is the first function of Management : - Organisation of Commerce and Management

Short Note

Justify the following statement.

Planning is the first function of Management

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Solution

  1. Planning is the basic function of management. Every function of management is based on planning. Planning is an intellectual process of logical thinking and rational decision making.
  2. Designing i.e. doing proper planning and implementing it accordingly is the key to achieving the objectives of the organisation.
  3. Planning means deciding in advance what to do when to do, how to do, where to do, and who is to do it. Thus, it is a detailed program of future courses of action.
  4. Planning involves setting objectives, identifying alternative courses of action, and selecting the best plan. It focuses on the organisation's objective and develops a various courses of action to achieve those goals.
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