Visit any production plant in your vicinity and chalk out a list of activities related to
planning? Also elaborate the relationship of control with planning
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singhboy
Secondary SchoolBusiness studies 5+3 pts
Q.2. Visit any business organization in your vicinity and chalk out a list of activities related to planning? Also elaborate the relationship of planning with decision making.
Report by Sanjaysaini1117 30.12.2017
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singhboy
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JAMES1111
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Relation between Planning and decision-making
Planning and decision-making, organizing, leading and controlling are all interrelated.
Planning and decision making is the most important step of all managerial functions. There are many relationships between decision-making and planning.
Definition of Planning
Planning managerial functions where managers are required to establish goals and state the ways and means by which these goals are to be attained.
Therefore planning is taken as the foundation for future activities. Or in simple terms; planning is deciding in advance what is to be done. Planning is the thinking before doing.
Management every time has to look for planning long-range and shorts range future direction by estimating and evaluating the future behavior of the relevant environment and by determining the enterprise’s own desired role.
To a manager means planning is thinking about what is to be done, who is going to do it, and how and when he will do it.
Planning also required thinking about past events and about future opportunities and impending threats. Planning process finds the organizational strengths and weaknesses.
Definition of Decision-making
Decision-making is the process of identifying a set of feasible alternatives and choosing a course of action from them.
Decision-making is an intermediates sizes set of activities which begins with an identifying problem and ends with choice making or decision giving. Management is the constantly influencing organization’s action and decision making process is central to doing it.