Question

name the function of management which help in formulations of future plans in the light of problems.

Answer 1

Answer:

Planning

Explanation:

Planning is the function of management which helps in formulation offutur plans

Answer 2

ANSWER :

The name the function of management which help in formulation of future plans in the light of problems is

Planning function.

MORE INFORMATION :

• Planning is one of the basic managerial function.

• The planning function of management is the function of determining what is to be done and who is to do it in advance.

• The planning function implies setting goals for future in advance as well as developing a way of achieving them effectively and efficiently.

• The planning function is followed by the other functions of management namely organizing, staffing, directing and controlling.

• The planning function of management can't prevent problems. But it can predict them.

• Planning can predict future problems and prepare contingency plans to deal with them if they occur or when they occur.

• Planning provides direction and also promotes innovative ideas.

• Planning reduces the risks of uncertainty as well as overlapping and wasteful activities.

• Planning facilitates decision making and establishes standards for controlling.

• The planning function of management is futuristic. It essentially involves looking ahead and preparing for future.