Meaning and Features of Planning Video Lecture | Business Studies CUET Preparation - Commerce

after having studied about a little
about after having given you a brief
introduction about the different
functions of management in the first
chapter the five functions of management
that we spoke about were planning
organizing staffing directing and
controlling now let us know a little
more about the first and foremost
functions of management that is planning
what is planning for a layman what is
planning planning is deciding in advance
what is to be done how is it to be done
by whom is it to be done and when is it
to be done basically planning is nothing
else but deciding onto the future course
of action we take a peep into the future
we take a peep into the future and we
decide in advance that how are we going
to deal with the situations that we are
going to be faced with in the future
in a layman's language it planning
basically bridges the gap between my
present position and where I want to be
it bridges the gap between where you are
and where you want to be presently if my
level of my sales turnover is let's say
about five crores right and I want to
take up my sales turnovers to about 50
crores then how am I going to bridge
this gap of 10 Carew's planning is going
to help me to bridge this gap now
planning if I talk about it is present
everywhere in all types of organizations
in hospitals in schools in government
organizations and nonprofit
organizations even at your house right
it is present everywhere planning is
present everywhere why why do we need to
plan - planning is it worth it because
future is uncertain we are not certain
that kiju situations they have are deal
our mnemonic which half though maybe
same situations or anybody right biggest
future is highly unpredictable future is
highly unpredictable therefore we need
to make assumptions we need to make our
own guesswork about the future
conditions that we might be facing and
plan accordingly
so that we are able to do deal with
those situations in the best possible
manner planning equips us to do to deal
with these future conditions in the best
possible manner right now coming to what
is meant what are the different features
of learning what are the features of
planning planning is the primary
function of Management it is the first
and foremost function of Management
right what do we do in planning in the
function of planning first of all the
broad objectives and goals of an
organization they are determined right
and then we also develop plans or we
decide onto the course of action that is
going to be undertaken so that these
organizational goals are achieved
effectively and efficiently it basically
provides a basis planning provides a
basis for the other functions of
Management it is only on the basis of
the plans right audio objectives and the
goals laid down under the function of
planning that we decide onto the
organizational structure what
organizational structure is going to be
best suited to achieve the plans you
know or to achieve the organizational
goals or objectives which have been set
out right then staffing is also done in
accordance with the plans right
direction for directing also you need to
for directing what is what is what do we
do under the
of directing basically making directing
is all about what you what you're meant
to do right and making sure that they do
it in the best possible manner making
sure that they do it in the best
possible manner where we translate the
goals and objectives set out in the
process of planning into the work to be
done by the people working in an
organization right then we come to
controlling controlling is all about
comparing the actual performance with
the standard performance standard
performance cause I agree that is as per
the plans but standard performance
camera objectives have my actual
performance compared with their
objectives and then they find out
deviations in the process of controlling
so basically the tooling is also
depending the
dependent upon 9-second it planning
focuses on achieving objectives before
you decide on to the course of action
that has to be undertaken first and
foremost things is you have to set out
the organizational goals and objectives
until and unless you have set out a goal
and objective right how are you going to
formulate a course of action that has to
be undertaken that has to be undertaken
so first of all specific goals are to be
defined which are to be achieved by the
organization then it is pervasive
meaning it is present planning is
present in all types of organization and
is present at all levels of an
organization right it is present if I
talk about hospitals definitely as its
present in schools it is present when
you see your daddy right if you school
see your school diary
what is it that's planning right do we
not give you an advance about the school
functions we give you a schedule for
examination right we give you a schedule
for your or your round assessments and
your formative and summative assessments
what is that it is planning we are
taping into the future
in advance that what is to be done in
future clear and it is present at all
levels of organization we talk about the
top level management we talk about all
levels of magnet top level management
middle level management and supervisory
top level management plans for the
organization as a food right middle
level management it prepares the it
prepares the departmental plans and
supervisory level of management it
prepares a routine plans day-to-day
planning that is done by the supervisory
level then we say planning is a
continuous process it is not that that
once you have made a plan your job is
over because we say that planning is all
about predicting future and then
deciding onto the course of action but
we say future is highly uncertain right
we are dealing with the external
environment which is highly volatile so
what if the conditions that you had
predicted right those