Question

Explain the following features of planning function of management: (i) Planning is a mental exercise (ii) Planning involves decision making (iii)…

Accepted Answer

Features of planning function of management: (i) Planning is a mental exercise  Planning requires application of the mind involving foresight, intelligent imagination and sound judgment.  It is basically an intellectual activity of thinking rather than doing, because planning determines the action to be taken. (ii) Planning involves decision making  Planning essentially involves choice from among various alternatives and activities.  Planning involves thorough examination and evaluation of each alternative and choosing the most appropriate one. (iii) Planning is futuristic  Planning essentially involves looking ahead and preparing for the future. It is regarded as a forward looking function.  Through forecasting, future events and conditions are anticipated and plans are drawn accordingly. OR Q.(b) Explain the following points of importance of organizing: (i) Clarity in working relationships (ii) Optimum utilisation of resources (iii) Adaptation to change Importance of organizing: (i) Clarity in working relationships  The establishment of working relationships clarifies lines of communication and specifies who is to report to whom, leading to hierarchal order.  This removes ambiguity in transfer of information and instructions. (ii) Optimum utilisation of resources  Organising leads to the proper usage of all material, financial and human resources by avoiding overlapping of work.  Also, it helps in preventing confusion and minimising the wastage of resources and efforts by avoiding duplication of work. (iii) Adaptation to change  The process of organising allows a business enterprise to accommodate changes in the business environment by suitably modifying the organisation structure and inter- revising the relationships amongst managerial levels.  It also provides much needed stability to the enterprise as it can then continue to survive and grow inspite of changes.

Explain the following features of planning function of
management:
(i)
Planning is a mental exercise
(ii)
Planning involves decision making
(iii)
Planning is futuristic

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