GENERAL KNOWLEDGE

Detailed explanation-1: -Planning involves analyzing information, setting goals, and making decisions about what needs to be done. Organizing means identifying and arranging the work and resources needed to achieve the goals that have been set.

Detailed explanation-2: -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-3: -In particular, planning helps to critically assess the goal to see if it’s realistic. It facilitates decision making and allows setting a time frame by predicting when the company can achieve its goal. It also defines how to measure performance against the set goals and whose responsibility it will be.

Detailed explanation-4: -Planning is the process of deciding in advance what must be done in the future. It consist of objectives, goals, polices, procedures, rules, and methods that help achieve the organizations purpose. Strategic planning forces managers to anticipate where they want the organization to be in three to ten years.

Detailed explanation-5: -Planning involves the setting of goals and these predetermined goals are accomplished with the help of managerial functions like planning, organising, staffing, directing and controlling. Planning provides standards against which actual performance is measured.