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“It is that function of management which is considered as the base of all other functions.” Identify the function of management stated in the above lines.
- a)Planning
- b)Controlling
- c)Organising
- d)Staffing
Correct answer is option 'A'. Can you explain this answer?
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“It is that function of management which is considered as the ba...
Planning precedes all other managerial functions and provides the very basis for organising, staffing, directing and controlling. Planning is deciding in advance what to do and how to do. It is one of the basic managerial functions. Before doing something, the manager must formulate an idea of how to work on a particular task. Thus, planning is closely connected with creativity and innovation.
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“It is that function of management which is considered as the ba...
Understanding the Importance of Planning in Management
Planning is indeed considered the foundation of all other management functions. Here’s why:
1. Definition of Planning
- Planning involves setting objectives and determining a course of action for achieving those objectives.
- It requires foresight and involves assessing current conditions, predicting future conditions, and deciding on actions to bridge the gap between the two.
2. Influence on Other Functions
- Effective planning provides a clear direction and framework for other management functions like organizing, staffing, leading, and controlling.
- Without a solid plan, organizing resources, staffing appropriately, and taking corrective actions become challenging and inefficient.
3. Goal Orientation
- Planning establishes goals and objectives, which serve as a guide for the entire organization.
- It ensures that all efforts align towards achieving these goals, promoting cohesiveness among various departments.
4. Resource Allocation
- Through planning, managers can allocate resources efficiently, determining what is needed, when, and how it should be utilized.
- This prevents waste and ensures that resources are directed toward priority areas.
5. Risk Management
- Planning allows organizations to anticipate potential challenges and devise strategies to mitigate risks.
- By evaluating possible future scenarios, organizations can prepare contingency plans to address uncertainties.
In summary, planning is the fundamental function of management as it sets the stage for all other activities within an organization. By establishing objectives and outlining the necessary steps to achieve them, planning ensures that the organization operates effectively and efficiently.
Planning is indeed considered the foundation of all other management functions. Here’s why:
1. Definition of Planning
- Planning involves setting objectives and determining a course of action for achieving those objectives.
- It requires foresight and involves assessing current conditions, predicting future conditions, and deciding on actions to bridge the gap between the two.
2. Influence on Other Functions
- Effective planning provides a clear direction and framework for other management functions like organizing, staffing, leading, and controlling.
- Without a solid plan, organizing resources, staffing appropriately, and taking corrective actions become challenging and inefficient.
3. Goal Orientation
- Planning establishes goals and objectives, which serve as a guide for the entire organization.
- It ensures that all efforts align towards achieving these goals, promoting cohesiveness among various departments.
4. Resource Allocation
- Through planning, managers can allocate resources efficiently, determining what is needed, when, and how it should be utilized.
- This prevents waste and ensures that resources are directed toward priority areas.
5. Risk Management
- Planning allows organizations to anticipate potential challenges and devise strategies to mitigate risks.
- By evaluating possible future scenarios, organizations can prepare contingency plans to address uncertainties.
In summary, planning is the fundamental function of management as it sets the stage for all other activities within an organization. By establishing objectives and outlining the necessary steps to achieve them, planning ensures that the organization operates effectively and efficiently.
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“It is that function of management which is considered as the base of all other functions.” Identify the function of management stated in the above lines.a)Planningb)Controllingc)Organisingd)StaffingCorrect answer is option 'A'. Can you explain this answer?
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