What is planning: Simply put

Simply put, planning is the basic management function that involves forecasting, laying down objectives, analyzing the different courses of action, and deciding the best alternative to perform different managerial functions to achieve pre-determined goals. Planning is the foundational management function that sets future objectives and charts actionable steps to achieve them. It involves strategic, operational, tactical, and contingency approaches to optimize resources, mitigate risks, and align team efforts. Planning is a primary management function that involves deciding in advance what to do, when to do, how to do and who is to do it. Learn about the nature, importance, types, features, process, principles, advantages, limitations and measures of planning in this article. Planning is thinking about how to achieve a goal. It is a management function that involves eight steps, from finding the need for action to executing the plan. Learn the characteristics, benefits, and limitations of planning.