Planning should accommodate all anticipated future events and accordingly acknowledge them by assigning appropriate activity to all such events. Such goals should be specified in qualitative terms. It reduces not eliminates overall risk of future uncertainties.
For theoretical purposes, it may be convenient to separate the function of management but practically these functions are overlapping in nature i. The planners should take help of various quantitative techniques to judge the stability of an alternative.
Supply Chain Management What is Planning? This step establishes a link between planning and controlling function. This allows for a business to bring about a certain degree of certainty to the uncertain future.
Derivative plans indicate time schedule and sequence of accomplishing various tasks. Here are some of the reasons why it is a good idea for managers to plan: Delegation of authority and creation of responsibility. It is a preparatory step. Subsequently, wastage reduces, efficiency increases and costs decline.
Planning always carries future perspective and the future is uncertain. After objective and scientific evaluation, the best alternative is chosen.
Classification of grouping of activities. There are many different ways to departmentalize, including organizing by function, product, geography, or customer.
Many larger organizations use multiple methods of departmentalization. This thereby prevents wasteful and overlapping activities. Organizing at the level of the organization involves deciding how best to departmentalize, or cluster, jobs into departments to coordinate effort effectively.
The merits, demerits as well as the consequences of each alternative must be examined before the choice is being made. Plans are not just desires, they are desires supplemented by the means to achieve them. Planning plays a very important role in discharging this function.
Thus planning acts as a guide to make efficient and accurate decisions. Organizing It is the process of bringing together physical, financial and human resources and developing productive relationship amongst them for achievement of organizational goals.
From deciding when to get up for all that all important interview to deciding what to wear all gets involved in the process of planning. Like every human being a business also needs plans to materialize its objectives and succeed. There are many different types of plans and planning. Recently, many organizations have attempted to strike a balance between the need for worker specialization and the need for workers to have jobs that entail variety and autonomy.
Otherwise the activities undertaken are bound to be ineffective.
The main purpose o staffing is to put right man on right job i.Planning is the function of management that involves setting The management functions of planning, organizing, leading, and controlling are widely considered.
FUNCTIONS OF MANAGEMENT PLANNING If you are planning for one year, grow rice. If you are planning for 20 years, grow trees. If you are planning for centuries, grow men!
– A free PowerPoint. Video: Planning as a Function of Management In this lesson, you will learn the role of planning as a function of management. Discover the advantages of and barriers to planning, and how it is used to achieve organizational goals.
It is the basic management function which includes formulation of one or more detailed plans to achieve optimum balance of needs or demands with the available resources.
According to Urwick, “Planning is a mental predisposition to do things in orderly way, to think before acting and to act in the light of facts rather than guesses”.
The four functions of management, planning, organizing, leading, and controlling, are very essential in building strong organizations and even stronger more effective teams. Planning is the amongst the primary functions of management.
It is required practically at all levels of management. With growing sizes of the organizations and increasing complexities in their.Download