BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -It is the basic function of management. It deals with chalking out a future course of action & deciding in advance the most appropriate course of actions for achievement of pre-determined goals. According to KOONTZ, “Planning is deciding in advance-what to do, when to do & how to do.

Detailed explanation-2: -Planning is the most fundamental of the management functions, and as such it logically precedes all other functions. Planning is the projection of actions intended to reach specific goals.

Detailed explanation-3: -Planning is the function of management that involves setting objectives and determining a course of action for achieving those objectives. Planning requires that managers be aware of environmental conditions facing their organization and forecast future conditions.

Detailed explanation-4: -Planning is the primary function of management that is performed by every manager. The manager cannot execute any other function without performing a planning function.

Detailed explanation-5: -The four functions of management are planning, organizing, leading and controlling. In order to be a successful manager, you must do all four while managing your work and team. These are the foundations of any professional managerial position.