GENERAL KNOWLEDGE

Detailed explanation-1: -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-2: -Planning: This step involves mapping out exactly how to achieve a particular goal. Say, for example, that the organization’s goal is to improve company sales. The manager first needs to decide which steps are necessary to accomplish that goal. These steps may include increasing advertising, inventory, and sales staff.

Detailed explanation-3: -Management by objectives (MBO) is a strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees.

Detailed explanation-4: -Planning means defining performance goals for the organization and determining what actions and resources are needed to achieve the goals. Through planning, management defines what the future of the organization should be and how to get there.

Detailed explanation-5: -Optimize resources. Increase efficiency. Maximize profits. Promote personal development. Maintain quality. Uphold workplace morale. Reduce risk. Generate business strategies. More items •24-Jun-2022