Justify the following statement.
Planning is the first function of Management
- 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.
- Designing i.e. doing proper planning and implementing it accordingly is the key to achieving the objectives of the organisation.
- 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.
- 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.
Concept: Functions of Management - Planning
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