ENTREPRENEURSHIP

Detailed explanation-1: -Explanation: Planning is a mental exercise as it includes deciding and thinking ahead of time about what can anyone do when it is to be done and how it is to be finished.

Detailed explanation-2: -Planning is the mental process that allows us to choose the necessary actions to reach a goal, decide the right order, assign each task to the proper cognitive resources, and establish a plan of action. Even though everyone has the ability to plan, some people do it in a different way.

Detailed explanation-3: -Planning is a mental exercise: It is mental exercise. Planning is a mental process which requires higher thinking that is why it is kept separate from operational activities by Taylor. In planning assumptions and predictions regarding future are made by scanning the environment properly.

Detailed explanation-4: -Planning is a mental exercise involving creative thinking, sound judgement and imagination. It is not a mere guesswork but a rotational thinking. A manager can prepare sound plans only if he has sound judgement, foresight and imagination. Planning is always based on goals, facts and considered estimates.