The planning function of management involves assessing the current situation of the organization and anticipating the future. This planning process leads to the setting of goals and selecting business strategies. The plan also outlines the next milestone to be attained in the action orientation process. After the plan has been made, the manager will assign tasks and allocate resources for each task. The planning process is one of the main functions of management. Basically, a manager puts together human, financial, physical and information resources to achieve the goals.
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Direction is the process of giving instructions. This function is a critical one, and planning plays a key role in discharging it. Without a clear direction, managers cannot ask employees to complete the tasks that need to be done. Lack of direction can create havoc in a business and threaten the stability, growth, and success of a company. A good manager should be able to give clear instructions. Having a clear direction for a business will help to create a culture of confidence and help to keep the company running smoothly.
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Planning is a fundamental function of management. It is an important part of the organization’s strategy. It is used to establish the direction of the organisation’s future. It provides a clear picture of what needs to be done, who needs to do it and how to do it. In addition to this, it helps managers make better decisions. Every plan contributes to the achievement of the enterprise’s goals. The planning process logically proceeds the execution of other management functions. It sets objectives for the group’s efforts and supports the achievement of these goals.
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