Problem:
Consistent with Henry Fayol, planning is the principal function of managers in organization. However, there is no pragmatic evidence that organizations that plan are more triumphant than organizations that don’t plan. The financial crisis also highlighted the complexity of planning in organization.
Required:
Question1. Explain and discus what you understand by the term planning and how it is a most important function in organization.
Question2. Explain and discuss the reasons for the failure of plans in organization and the ways in which planning can be more effectual.
Question3. Explain and discuss how planning is significant in the control function in an organization.