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Business Studies

Meaning of planning

In Class 12 Business Studies, this topic explains the meaning of planning as deciding in advance what is to be done, how it will be done, when it should happen, and who will carry it out. Students understand planning as a basic management function that gives direction to business activities, helps set objectives, guides decision-making, coordinates efforts, and prepares an organisation to respond to future uncertainty.

Medium · Level 8 · 5 questions

Practice questions

01Why is the fit between means and objectives central to the meaning of planning?

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02If objectives are not connected with small action steps, what defect in the meaning of planning is shown?

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03The relationship between a present decision and a future result strengthens which idea in planning?

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04What does treating planning in terms of ends and means mean?

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05What is the most accurate meaning of treating planning as a process before action?

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