MANAGEMENT

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 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-3: -Stage 1: Identify problems and needs. Stage 2: Develop goals and objectives. Stage 3: Develop alternative strategies. Stage 4: Select strategies and develop a detailed plan. Stage 5: Design a monitoring and evaluation plan.

Detailed explanation-4: -Planning is the very first functions of management. Management helps in deciding the way ahead for any organisation. It involves deeply analysing the market trends and accordingly making moves and plans. Basically, it means setting goals and developing a method to achieve them efficiently.