GENERAL KNOWLEDGE

Detailed explanation-1: -The first and the most important function of management is Planning. Planning involves setting objectives in advance, a goal which is to be achieved within a stipulated time. Various alternatives are formulated in order to achieve the goals.

Detailed explanation-2: -Planning is the primary function of management and occupies the first position in the management process. It is the starting point of the whole management process as other management functions are related to planning function. Planning, in simple words, means to decide the objectives clearly and to prepare a plan.

Detailed explanation-3: -Planning is considered a basic function of management. Planning dictates how to effectively organise a business. It encompasses determining necessary future activities, assigning them to the right personnel, delegating authority, providing tools and raw material, etc.

Detailed explanation-4: -Planning: is the function of management that involves setting objectives and determining a course of action for achieving those objectives. Organizing: is the function of management that involves developing an organizational structure and allocating human resources to ensure the accomplishment of objectives.

Detailed explanation-5: -Planning helps a business chart a course for the accomplishment of its goals. It is the first and foremost function of management. It is needed at every level of management. In the deficiency of planning all the business activities of the organization will become meaningless.