UGC NET COMMERCE July 2018 Q30
- Option : C
- Explanation : Planning Process: Planning, like organising is a fundamental managerial function. In simple words, planning is deciding in advance what is to be done, when, where, how and by whom it is to be done. Thus, a plan is a determined course of action. It is an attempt on the part of a manager to anticipate the future in order to achieve better performance. In the management literature, the word “planning” has been defined like this:
“Generally speaking, planning is deciding in advance, what is to be done.” —M.H. Newman
“A plan is a trap laid to capture the future.” —Allen
“Planning is an intellectual process, conscious determination of courses of action, the basing of decisions on purpose, facts and considered estimates.” —Koontz & O’Donnell
