Answer: Planning method searching beforehand and chalking out future guides of movement to be accompanied. It is a preparatory step. It is a systematic hobby which determines when, how and who is going to perform a selected activity. Planning is an in depth programme regarding destiny publications of action.
It is rightly said “Well plan is 1/2 performed”. Therefore making plans takes into attention available & prospective human and physical resources of the enterprise for you to get effective co-ordination, contribution & perfect adjustment. It is the primary management characteristic which includes system of 1 or greater distinctive plans to achieve top-rated stability of desires or needs with the to be had resources.
According to Urwick, “Planning is a mental predisposition to do things in orderly way, to suppose earlier than performing and to act in the light of statistics in preference to guesses”. Planning is deciding pleasant alternative among others to perform unique managerial capabilities on the way to acquire predetermined dreams.
Advantages of Planning:
1) Planning facilitates management by objectives.
2) Planning facilitates co-ordination.
3) Planning helps in achieving economies.