Financial Planning
Definition Financial Planning is the process of estimating the capital required and determining its competition. It is the process of framing financial policies in relation to procurement, investment and administration of funds of an enterprise. Objectives of Financial Planning Financial Planning has got many objectives to look forward to: Determining capital requirements– This will depend […]
Role, Significance & Advantages of Planning
Advantages of planning is no myth. An organization without planning is like a sailboat minus its rudder. Without planning, organization, are subject to the winds of organizational change. Planning is one of the most important and crucial functions of management. According to Geroge R. Terry, “Planning is the foundation of most successful actions of any […]
Need and Scope of Educational Planning
Definition Educational Planning is defined as: “The process of determining the objectives of education, educational institutions, or educational programs and the means (activities, procedures, resources, etc.) for attaining them.” or “The process of making arrangements or preparations to facilitate the training, instruction or study that leads to the acquisition of skills or knowledge, or the […]
Concept, Nature and Characteristics of Planning
Meaning and Concept In simple words, planning is deciding in advance what is to be done, when where, how and by whom it is to be done. It bridges the gap from where we are to where we want to go. It includes the selection of objectives, policies, procedures and programs from among alternatives. A […]
Steps Involved in Planning
Definition of Planning “Planning is the process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the goals.” Synonyms: plan, blueprint, design, project, scheme, strategy Steps Involved in Planning Planning is a process which embraces a number of steps to be taken. Planning is an intellectual exercise and a conscious determination of courses of action. Therefore, […]
Approaches to Educational Planning
Educational Planning Educational planning, in its broadest generic sense, is the application of rational, systematic analysis to the process of educational development with the aim of making education more effective and efficient in responding to the needs and goals of its students and society. The main approaches and techniques of relating educational planning to development planning, which […]