What is management?
Management is the coordination and administration of tasks to
achieve a goal. In other words, management is a set of principles
relating to the functions of planning, organizing, directing and
controlling, and the application of these principles in harnessing
physical, financial, human and informational resources efficiently and
effectively to achieve organizational goals.
There are now four commonly accepted functions of management that
encompass these necessary skills: planning, organizing, leading, and
controlling. Consider what each of these functions entails, as well as
how each may look in action.
PLANNING
Planning is the primary function of management that involves
formulating a future course of action for accomplishing a specific
purpose. Planning enables managers to decide what task to do, how
to do the task, when to do the task and by whom the task has to be
done.
DEFNITION
By going through the definitions of planning we will be able to do
understand its concept for there for some definitions are follows
1. Planning is the continuous process of making present entrepreneurial
decisions systematically and with best possible knowledge their
futurity, organizing systematically the efforts needed to carry out
these decisions and measuring the results of these decisions against
the expectation through organized systematic feedback.
-Peter Drucker
