Is planning a forward looking function
Answers
Answer:
Planning is forward looking because plans are prepared for future. It involves looking in advance and making policy for maximum utilisation of resources in future. Controlling is also forward looking because controlling does not end only by comparing past performance with standard.
Explanation:
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Is planning a forward-looking function?
Yes, planning is a forward-looking act for the future. The future course of any organization is decided by planning. No organization can achieve success without setting a future goal. For any organization to be successful, it has to set a visionary goal. An action path is prepared after an organization sets a goal. This is called an action plan.
Planning is a structured method of achieving a future goal. Only by following this an organization can achieve its long-term objective. Therefore, it would be correct to say that planning is a forward-looking exercise.
So we can that planning is a forward-looking function.
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