Define Planning In Business

Planning involves determining various types and volumes of physical and other resources to be acquired from outside, to allocate these resources in an efficient manner among competing claims and to make arrangement for systematic conversion of these resources into useful outputs.

Define Planning In Business-34Define Planning In Business-9

We have already been introduced to five essential managerial functions, namely, planning, organizing, staffing, leading and controlling.

Planning is a unique and universal function of all managers.

The character and scope of planning may vary with each manager’s authority and with the nature of the policies and plans outlined by superiors, but all managers must have some function of planning.

The nature of planning can be understood by examining its four major aspects.

They are; Since plans are made to attain goals or objectives, every plan and all its support should contribute to the achievement of the organization’s purpose and objectives.

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  1. In the fourteenth century, morality plays were mainly based on the seven deadly sins as in Everyman when he shows Greed by saying "Money maketh all right that is wronge".

  2. Dimmesdale’s guilt at concealing his adultery with Hester Prynne is, indeed, as destructive as the wound on his breast, and Donatello’s pagan nature is expressed in the shape of his ears. These repetitions show Hawthorne’s emphasis on the effects of events on the human heart rather than on the events themselves. becomes a pure and uncontrollable mischief.” For Hawthorne, then, the past must be reckoned with, and then put aside; the eventual decay of aristocratic families is not only inevitable, but desirable.