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Planning involves setting goals and determining the best way to achieve them from "summary" of Fundamentals of Management (For B.Com, BBA, BBM and BMS) by J.P. Pathak
Planning is a crucial function of management that involves setting specific goals and determining the most effective way to achieve them. When managers engage in the planning process, they are essentially creating a roadmap that will guide the organization towards success. By clearly defining objectives and identifying the steps needed to reach them, managers can ensure that everyone in the organization is working towards a common purpose. Setting goals is the first step in the planning process. These goals should be specific, measurable, achievable, relevant, and time-bound (SMART). By establishing clear goals, managers provide employees with a clear direction and a target to work towards. Goals also serve as a benchmark for evaluating performance and measuring progress. Without clear goals, organizations can easily lose focus and become inefficient. Once goals have been established, managers must determine the best way to ac...
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