why planning is called primary function of management?
Answers
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Explanation:
1) Planning is the basic function of management. Every function of management is based on planning. It includes deciding the things to be done in advance.
2) Planning is an intellectual process of logical thinking and rational decisions making. It focuses on organisation's objectives and development of various courses of action.
3) Designing a proper planning and implementing according is the key of achieving the objectives of an organization. It is the fundamental function which gives an outline about where to go, how to go and reduce the risk of uncertain future with the help of forecasting.
4) Future is highly uncertain and the business environment is changing. Planning plays vital role in every walk of life of an organization as well as of an individual.
Hence planning is the basic requirement of any organisation for the survival, growth and success.
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