What is Planning? Steps Involved in Planning.

Definition of Planning

Planning is all about thinking way in advance before taking action. It allows us to investigate the future and plan ahead of time how we will deal with the situations we will face in the future. It entails experimental methods and logical decision.

Planning is the most advanced managerial job, and it entails deciding ahead of time what needs to be done, when it needs to be done, how it should be done, and who will do it.

 

It is an intellectual process that establishes an organization's objectives and determines potential courses of action for achieving those objectives. It lays strategy step-by-step instructions for achieving a specific goal.

 

 

 

 Steps Involved in Planning