Friday, 18 November 2011
Planning is the basic function of management, it plans ahead of time, what should happen in the future; achievements of goals. Organizing is bringing in physical, financial and human resources. Achievement of organized goals. Leading/Directing is managerial function which helps the organizational method to work much more better for the achievement of organizational purposes. Controlling is implying measurement of accomplishment opposed to standards and ensures achievement of organizational goals. The advantages of participative planning is increase in productivity, job satisfaction, motivation, improved quality and reduced costs. The disadvantages of participative planning is that decision making slows down and there may be a raise in security issues.
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