Everything you need to know about the characteristics and features of planning. Planning is the first management function to be performed in the process of management. It governs survival, growth and prosperity of any enterprise in a competitive and ever-changing environment. Planning means looking ahead and chalking out future courses of action to be followed. It is rightly said "Well [...]
In this article we will discuss about the importance of planning in business, management and organizations. Planning is the first and the most important function of management. It is needed at every level of management. Without planning all the activities of a business organisation will be meaningless rendering the attainment of objectives merely a dream. Because of the increasing size [...]
In this article we will discuss about the meaning and types of planning premises. Meaning of Planning Premises: Planning is made for the future. Future is uncertain the management makes certain assumptions about the future. The assumptions are not to be based on hunch or guess work. It should be developed through scientific forecasting of future events. The assumptions derived [...]