1. Meaning and Concept of Planning
In simple words, planning is deciding in
advance what is to be done, when where, how and by whom it is to be done.
Planning bridges the gap from where we are to where we want to go. It includes
the selection of objectives, policies, procedures and programs from among
alternatives. A plan is a predetermined course of action to achieve a specified
goal. It is an intellectual process characterized by thinking before doing. It
is an attempt on the part of manager to anticipate the future in order to
achieve better performance. Planning is the primary function of management.