Question

Explain the following as features of planning function of management: (i) Planning focuses on achieving objectives. (ii) Planning is futuristic.…

Accepted Answer

Features of planning function of management: (i) Planning focuses on achieving objectives:  Specific goals are set out in the plans along with the activities to be undertaken to achieve the goals.  Planning has no meaning unless it contributes to the achievement of predetermined organisational goals (ii) Planning is futuristic.  The purpose of planning is to meet future events effectively to the best advantage of an organisation.  It is regarded as a forward looking function based on forecasting. (iii) Planning involves decision making  Planning essentially involves choice from among various alternatives and activities.  It involves thorough examination and evaluation of each alternative and choosing the most appropriate one OR (b)Explain the following steps in the process of planning: (i) Setting Objectives (ii) Developing premises (iii) Identifying alternative courses of action Steps in the process of planning: (i) Setting Objectives:  Objectives may be set for the entire organisation and each department or unit within the organization, which specify what the organization wants to achieve.  Objectives should be stated clearly for all departments, units and employees. (ii) Developing premises:  The manager is required to make certain assumptions about the future called premises which are the base material upon which plans are to be drawn.  Theses base material may be in the form of forecasts, existing plans or any past information about policies. (iii) Identifying alternative courses of action:  All the alternative courses of action should be identified.  The course of action which may be taken could be either routine or innovative.

Explain the following as features of planning function of
management :
(i)
Planning focuses on achieving objectives.
(ii)
Planning is futuristic.
(iii)
Planning involves decision making.

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