Planning and organizing
Solution:
Points | Planning | Organizing |
1. Meaning | Planning is deciding in advance what to do how to do it, when to do it and who is to do it. | Organizing is the process of defining and grouping the activities of the enterprise and establishing the authority relationships among them. |
2. Objective | To set goals and choosing the means to achieve these goals. | To identify and bring together all the required resources. |
3. Area of function | It includes setting objectives by identifying the ways of attaining the goal and selecting the best plan. | It includes identification and grouping of activities, assigning the work, and establishing the authority relationship |
4. Factors | Internal and External factors are considered in the planning process. | Internal and external factors are considered in the arrangement of resources. |
5. Order | It is the basic first function of the management process | It is based on planning. |
6. Resources | Planning is done as per the requirement and availability of resources. | All available resources i.e. men, money, material, machine, and method are arranged in a systematic manner. |
7. Nature | It is continuous in nature. It exists in the whole life of an organization. | It takes place till the time all the resources are collected and arranged. |
8. level of Management | Top management is concerned with planning the activities. | Top and middle-level management related with organizing the required resources. |