Defining Planning

Defining Planning - A goal is a desired future state that...

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Defining Planning Of the five management functions — planning, organizing, staffing, leading and  controlling — planning is the most fundamental. All other functions stem from planning.  However, planning doesn't always get the attention that it deserves; when it does, many  managers discover that the planning process isn't as easy as they thought it would be  — or that even the best-laid plans can go awry. Before a manager can tackle any of the other functions, he or she must first devise a  plan. A  plan  is a blueprint for goal achievement that specifies the necessary resource  allocations, schedules, tasks, and other actions. 
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Unformatted text preview: A goal is a desired future state that the organization attempts to realize. Goals are important because an organization exists for a purpose, and goals define and state that purpose. Goals specify future ends; plans specify today's means. The word planning incorporates both ideas: It means determining the organization's goals and defining the means for achieving them. Planning allows managers the opportunity to adjust to the environment instead of merely reacting to it. Planning increases the possibility of survival in business by actively anticipating and managing the risks that may occur in the future....
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This note was uploaded on 11/18/2011 for the course MGMT 4375 taught by Professor Eixmann during the Fall '11 term at Texas State.

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