Written by Effective planning is a fundamental cornerstone of successful business management. Planning is the systematic process of setting the objective of the business and deciding on the best course of action to take to achieve the goal. It is the systematic process of defining objectives and determining the optimal course of action to accomplish these objectives. […]
Planning is the systematic process of identifying the objectives of an organization and determining the best course of action to take to achieve these objectives.
It is a process of setting goals and deciding how to achieve them.
Planning can also be defined as anticipating future events and determining the best course of action to attain specific goals and objectives.
According to Koontz, Planning is defined as “deciding in advance – what to do, when to do & how to do. It bridges the gap from where we want to be”.
