What do you understand by planning?

Planning is deciding in advance what to do, how to do it, when to do it, and who should do it. This bridges the gap from where the organization is to where it wants to be. The planning function involves establishing goals and arranging them in logical order.

What is planning one word answer?

Ans. Planning is the process of thinking before doing. It is the process of determination of a course of action to achieve the desired results.

What do you understand by planning in management?

Planning in management is about what steps you need to take to reach the goal, what changes and hurdles to anticipate, and how to utilise human resources and opportunities to reach the expected outcome.

What is planning class 12?

Planning can be defined as “thinking in advance what is to be done, when it is to be done, how it is to be done and by whom it should be done.” According to Fayol, “Planning is chalking out plan of action, i.e., the result envisaged in the line of action to be followed, the stages to go through the methods to use.”

What is planning explain its importance?

Planning is important as by nature it enquirers about organizational goals and involves decision making about desired ways and means to achieve goals. Planning is the process by which managers establish goals and define the methods by which these goals are to be attained.

What is planning class 12 economics?

Economic Planning: Means utilisation of country’s resources in different development activities in accordance with national priorities.

What is planning and why is it important?

Planning provides Direction: It provides the directions to the efforts of employees. Planning makes clear what employees have to do, how to do, etc. By stating in advance how work has to be done, planning provides direction for action. Employees know in advance in which direction they have to work.

What is a plan class 11?

Solution. A plan is a proposed list of goals that an economy wants to achieve within a specific period of time. It suggests the optimum ways to utilise the scarce available resources to achieve the enlisted goals.

What is Economic Planning Class 11?

Economic planning is a process in which a central authority of a country defines a set of goals to be achieved within a specified period, sets out a plan to achieve those goals, keeping in view the country’s resources.

What is plan in economics class 12?

A plan is a proposed list of goals that an economy wants to achieve within a specific period of time. It suggests the optimum ways to utilise the scarce available resources to achieve the enlisted goals.

What is the planning definition?

Planning Definition: Planning is the fundamental management function, which involves deciding beforehand, what is to be done, when is it to be done, how it is to be done and who is going to do it.

What are some synonyms for planning?

Synonyms for planning. arranging, blueprinting, budgeting, calculating, charting, choreographing, designing, framing,

What is the importance of planning in an organization?

Planning gives more power over the future. Planning is deciding in advance what to do, how to do it, when to do it, and who should do it. This bridges the gap from where the organization is to where it wants to be. The planning function involves establishing goals and arranging them in logical order.

What is planning in project management?

Read on to understand what is planning, its importance and its significance in management. Planning is a basic component of project managemen t. It is the process of creating a roadmap to decide which actions need to be taken to achieve a specific goal. Planning is fact-based and it increases our chances of success.