explain any five points of importance of planning for a large business enterprise.
Answers
Answered by
0
1. Meaning of Planning
Planning is the process of thinking before doing. It is the process of determination of a course of action to achieve the desired results.
2. Definition of Planning
According to Koontz and O’ Donnell, ‘Planning is deciding in advance what to do, how to do it, when to do it and who is to do it’.
3. Features of Planning
Goal-oriented, focuses on achieving objectives
Primary function
All pervasive
Involves decision-making
Mental exercise, i.e an intellectual process
Continuous process
Futuristic
4. Importance of Planning
Provides direction to action . .
Reduces the risk of uncertainty ‘
Facilitates decision-making
Promotes innovative ideas
Reduces overlapping and wasteful activities
Establishes standards for controlling
Planning is the process of thinking before doing. It is the process of determination of a course of action to achieve the desired results.
2. Definition of Planning
According to Koontz and O’ Donnell, ‘Planning is deciding in advance what to do, how to do it, when to do it and who is to do it’.
3. Features of Planning
Goal-oriented, focuses on achieving objectives
Primary function
All pervasive
Involves decision-making
Mental exercise, i.e an intellectual process
Continuous process
Futuristic
4. Importance of Planning
Provides direction to action . .
Reduces the risk of uncertainty ‘
Facilitates decision-making
Promotes innovative ideas
Reduces overlapping and wasteful activities
Establishes standards for controlling
harshamishra:
I can't understand why you block me any prblm
plz reaply
kya
bhai isme kahe ghus rahe ho boss apko nhi kah rahe h
so plz don't dstrb
abe kon dsiturb kr rha bakwaas jha band kr bhaag jha se
ok boss plz mond your language plz bro
bhia dekh cmnt box kiska h so plz
where are you
why you phone is not reachival
Similar questions