State any three features of planning.

. Importance of planning: (i) Direction for Action: Planning provide direction for action by prescribing what is to be achieved (objectives) and how it can be achieved (various actions organisation-wide),...

Limitations of Planning: (a) Leads to rigidity: Once a plan is drawn, managers may not be in a position to change it. (b) May not work in a dynamic environment:...

Features of planning: (i) Planning focuses on achieving objectives: Planning is goal-oriented. Planning helps in defining objectives and preparation of necessary action plans to achieve them. These act as a...

Importance of Planning: The following facts show the advantages of planning and its importance for a business organisation  (i) Planning provides direction: Under the process of planning the objectives of...

Planning may be defined as the process of determining in advance what is to be done and defining a procedure, method and time table to do it to achieve the...

The process of estimating the fund requirements of a business and specifying the sources of funds is called Financial Planning.                                                 Or Financial planning is the preparation of a financial blueprint of...

Financial planning is the process of estimating the fund requirements, specifying the sources of funds and utilising them in an optimum manner. Financial planning is basically concerned with preparation of...