Planning

Principles Of Planning

Since planning is a function of management, it must be based on certain principles to serve as guidelines for undertaking th…

Types Of Planning

Planning may be categorised into several types on the basis of certain variables. Here we will divide the function of planni…

Forecasting and Premising

For purposes of formulating plans, managers have to convert the appraisals, estimates and projections about the future event…

Forecasting As An Element Of Planning

We have stated earlier that forecasting is an essential element of the planning process. The term forecasting refers to the …

The Process Of Planning

We have stated earlier that planning is a process consisting of certain steps or series of sequential activities. There is n…

Limitations Of Planning

You have learnt the nature and importance of planning. Let us now discuss its limitations.   i)       Based on certain ass…

Importance Of Planning

The importance of the planning function should have been clear after all that you have read about it till now. We may outlin…

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