In this article we will discuss about the meaning and types of planning premises. Meaning of Planning Premises: Planning is made for the future. Future is uncertain the management makes certain assumptions about the future. The assumptions are not to be based on hunch or guess work. It should be developed through scientific forecasting of future events. The assumptions derived [...]
Plans are classified into two types known as Multi-use Plans and Single-use Plans. Other names are standing plans or repeated use plans. They are used repeatedly in situations of a similar nature. They are also used for problems of repetitive nature. They are long-term plans in nature and they are used for the entire organisation. They are the effective means [...]
This article will help you to learn about the comparison between plan and planning. Management theorists often draw a distinction between plans and planning. Plans are simply statements of the things to be done and the sequence and timing in which they should be done in order to achieve a given end. But planning involves: (i) Deciding on aims and [...]