Vikash Kumar Planning is a crucial aspect of decision-making, but it also has certain limitations that must be considered. These limitations of planning include issues such as uncertainty, complexity, and resource constraints, which can affect the accuracy and effectiveness of a plan. Additionally, the changing nature of the environment, as well as unforeseen events, can also impact
Planning is important because it enables the organization to survive and grow in the dynamic, changing environment. Planning is the basis of the distinction between successful and unsuccessful organizations. In a dynamic environment, planning helps in scanning environmental changes and forecasting the future. Objectives of Planning These are some important objectives of planning briefly explained
There are a number of ways available to complete a certain job. Planning chooses any one of the best alternatives out of the available ones. Economy and certainty are considered while selecting the best alternative. Thus, the nature of planning is briefly discussed below. Nature of Planning These are the nature of planning explained below:
Determining objectives and outlining the courses of action needed to achieve these objectives is referred to as the planning process. The actual steps in the process of planning are difficult to specify for all organizations because of wide differences in size and complexity. Process of Planning These are the following steps of the process of
Different types of plans are developed by an organisation, namely mission, strategies and policies, procedures, rules, programmes and budgets. One common thing is, they all refer to a future course of action. However, some variances in respect of the scope and operation are found in the implementation. Some are single-use plans while some are standing
What is Contingency Approach to Management? The contingency approach evolved during the 1960s. The contingency approach to management emerged from the real-life experience of managers who found that no single approach worked consistently in every situation. The basic idea of this approach is that the number management technique or theory is appropriate in all situations.
What is Human Relation Approach? The Human Behavioural approach is a modified version of the Human Relations approach. The Human Behavioural approach is devoid of any emotional content, which is the core of the Human Relations Approach. This approach stresses the individual performing the job. Here the attention is directed towards the human aspects of
What is Systems Approach to Management? A system is any set of distinct parts that interact to form a complex whole. Think of the universe. Its parts are as small as a subatomic particle and as large as galactic clusters. Each part is distinct but interacts to form the universe. An organization is also a
What is Evolution of Management Theory? The practice of management is as old as human civilization. The ancient civilizations of Egypt the great pyramids), Greece (the leadership and war tactics of Alexander the Great) and Rome displayed marvellous results of good management practices. The origin of management as a discipline was developed in the late
What is Behavioural Approach? The Behavioural approach concerns itself with the social and psychological aspects of human behaviour in an organization. The behaviour of members of an organization clearly affects its structure and functioning as well as the principles on which it can be managed. Behavioural research has provided sufficient evidence that the human element