Questions and Answers
What is planning according to the text?
Planning is deciding in advance what to do and how to do. It is closely connected with creativity and innovation.
How is planning related to setting objectives?
Planning involves setting objectives and developing appropriate courses of action to achieve these objectives. Objectives provide direction for all managerial decisions and actions.
What does planning seek to bridge the gap between?
Planning seeks to bridge the gap between where we are and where we want to go.
What is the significance of time in planning?
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Why is planning concerned with both ends and means?
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What is the primary purpose of planning?
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Why is it important for a manager to set objectives before planning?
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What does planning seek to bridge the gap between?
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What is the significance of time in planning?
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How does planning relate to organizational goals?
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Study Notes
What is Planning?
- Planning is the process of determining and selecting goals and actions to achieve them.
Planning and Objectives
- Planning is closely related to setting objectives, as it involves setting specific, measurable, and achievable goals.
Bridging the Gap
- Planning seeks to bridge the gap between where an organization is currently and where it wants to be in the future.
Time in Planning
- Time is a crucial factor in planning, as it involves allocating time and resources to achieve specific goals within a certain timeframe.
Ends and Means
- Planning is concerned with both ends (goals) and means (actions) to achieve those goals.
Primary Purpose of Planning
- The primary purpose of planning is to facilitate decision-making by identifying alternative courses of action and choosing the best option.
Importance of Setting Objectives
- It is essential for a manager to set objectives before planning to ensure that efforts are focused on achieving specific, measurable goals.
Relating to Organizational Goals
- Planning is a crucial aspect of achieving organizational goals, as it involves determining the actions needed to achieve those goals.
