The Meaning of Planning

Planing is deciding in advance what to do, how to do, when to do, and who is to do.                                                                                                                                        - Koontz and O. Donnelt

Planning is process of establishing goals and a suitable course of actions for achieving goals.                                                                                                                        - James Stoner

Cautions to be taken while planning

1. Simplicity.
2. Flexibility. (Plan must not be RIGID.)



3. suitability.
4. Acceptance.
5. Facilitate organizing.
6. Provide directions.
7. Facilitate control.
8. Harmony generations.
9. Generate efficiency.
10. Motivate personnel.

Benefits of Planning

1. Minimize Risk.
2. Facilitate coordination.
3. Facilitate organizing.
4. Facilitate direction.
5. Facilitate control.
6. Generate efficiency (lowest possible COST and highest possible RETURNS.)



7. Encourage Innovation.
8. Focus on Good.
9. Facilitate decision making.
10. Motivate Personnel.