Meaning of planning

                                     Every human activity undertaken with a view to achieve something must be proceed by planning. For instance, a student desirous of securing a good grade in the examination has to plan his study. A person intending to set up a business cannot do so unless he has done a lot of previous thinking considering various aspects and taken many decisions if not all. He has to plan within the available resources, the location, the products to be sold, customers to be approached or the markets to be entered.
                                    Managerial operations must be based on suitable and sufficient planning. It has to plan not only in the beginning but throughout the operations.

Definitions:

   "Planning is deciding in advance what is to be done"

   "Planning bridges the gap between where we are to where we want to go."

   "Planning will involved deciding a course of action from amongst a number of alternative courses which would help the enterprise to achieve its objectives most expeditiously and economically" 

   "Planning ensures proper application of resources for the attainment of desired ends"

Posted in: Planning