Question

Write short note on Nature of Planning.

Answer 1

flag on the Red Fort is can only be done by the Prime Minister of India it cannot be done by the president
president is only the nominal head of the country but Prime Minister is a real head of the country

the main decisions of the country can be taken by the Prime Minister only without consulting with the president

Answer 2

Planning is the most basic function among st all the other managerial functions. It is a process which involves establishing objectives and defining the techniques and methods through which the goals are to be achieved.

Planning can be considered as an idea of taking a decision on a future course of action.

Moreover, it is a systematic process that involves taking all the necessary decisions required for the achievement of goals and activities that a business firm will pursue in the future.