Wednesday, January 27, 2010
Nature of Planning
According to Koontz and O’Donnell, the four basic principles to be dealt with in understanding the nature of planning are:
Primacy of Planning: This deals with the importance of planning for its central role in linking all the other managerial functions.
Pervasiveness (to persuade planning) of Planning: This brings out the ideas that planning is a function and responsibility of every manager, supervisor, and foreman in an organization.
Contribution to Objectives: Plans are means to achieve some ends and without planning, we can not achieve goals and objectives of an organization.
Efficiency of Planning: Least costly and more beneficial.