Question

explain the nature of planning

Answer 1

Answer:

management process concerned with defining goals for a company's future direction and determining the resources required to achieve those goals. Planning can be defined as “thinking in advance what is to be done, when it is to be done, how it is to be done and by whom it should be done.” According to Fayol, “Planning is chalking out plan of action, i.e., the result envisaged in the line of action to be followed, the stages to go through the methods to use.”