Categorizing the managerial activities

Question

What do you mean by planning according to Koontz while categorizing the managerial activities?

Answer 1

This is the fundamental function of management. It mainly deals with chalking out a future course of action and deciding in advance the most suitable course of actions for accomplishment of pre-determined goals. According to the KOONTZ, ‘Planning is deciding in advance - what to do, when to do and how to do. It bridges the gap from where we are and where we want to be’. The plan is a future course of actions.

This is an exercise in problem solving and decision making. Planning is determination of courses of action to accomplish the desired goals. Therefore, planning is a systematic thinking regarding ways and means for accomplishment of pre-determined goals.

Planning is essential to make sure proper utilization of human and non-human resources. This is all pervasive, it is an intellectual activity and it as well helps in avoiding the confusion, uncertainties, risks, wastages and so on.