Planning is a significant managerial function

Planning is a significant managerial function - Planning is...

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Planning is a significant managerial function. It is involves the setting goals and determining a course of action for achieving these goals. The managers should know their organization conditions and can forecast future situation. So it is requires managers do good decision. Planning is a process and consisting of many steps. It is means the planners must be aware of their competitors, their customers and economic conditions. This forecast is the basic of the planning. The process of planning includes planners working backwards through the system. They started from the outcomes and outputs. They like and work backwards through the system to determine the process to produce results. They determine which input or resource needs to complete in the process. Planners should identify the courses of action. After evaluating the various alternatives, planners should make the best decision for achieving goals. They should define the important steps and ensure plans be effective for complete. Finally, planners must take corrective action when necessary and
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This note was uploaded on 03/31/2012 for the course ECON 101 taught by Professor Kdkdk during the Fall '11 term at SDSMT.

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Planning is a significant managerial function - Planning is...

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