Nature of Planning In Management

Dr. Nishant Labhane

Abstract

Planning is a methodical strategy to determining where one is, where one wants to be in the future, and how to get there. A rationalist manager selects acceptable measures to achieve the given goals. The logical method bridges the divide between current and future states. The time interval between T1 and T2 might be as long as 5 years or as little as one year. The intended and actual outcomes are often defined in terms of goals, which may be attained by a single action or collection of activities. The acts needed resources, and the logical approach emphasises resource allocation.