Economic planning implies state intervention and administration to have conscious and coordinated efforts to control and direct economic activities. But mere state intervention cannot be construed as economic
What is Production Planning & Control (PPC)? Production planning and control is a predetermined process which includes the use of human resource, raw materials, machines etc. PPC is
The Government of India set up a Department of Planning and Development in 1944 and it introduced short-term and long-term plans for economic reconstruction and development. However, the
What is an Economic Plan? An economic plan is an outline of schemes designed to achieve certain pre-determined economic objectives, in a particular order of priorities within a
Manpower planning plays а vital role in the achievement of the common goals of the enterprise. Every enterprise has to estimate their manpower requirements in order to carry
Important Steps in Planning Process Planning involves a number of steps ranging from determining the objectives to follow-up action as detailed below. The main steps that are taken
What is Planning? Planning is, an all-pervasive and the most basic function of management. Planning is a process whereby one can determine the future action expected result. Planning
Advantages of Planning Planning is an important per-requisite for attaining the cherished goals of a business enterprise. Of all the managerial activities, it comes first because of the
Purposes of planning in an organization The following are some of the important purpose of planning in an organization. 1. Facilitates Accomplishment of Objectives: The aim of planning
In the words of J.L. Massie and Douglas, “an effective plan demands upon relating commitments among human, financial and physical resources sufficient to make the accomplishment feasible”. As
