Chapter 17, Problem 1CRQ

Define managerial planning and controlling.

Summary Introduction

To determine:

The definition of managerial planning and controlling.

Introduction:

Planning is a process to identify how company goals and objectives can be achieved through the resources and it is first process of management while controlling is a process of measures and directs human and physical resources to achieve planned goals of the organization.

Explanation of Solution

In planning process, plan has the basic component called outcome for which the managers have to decide what to do in the organization. Planning involves thinking about organizational strengths and weaknesses, as well as making decisions about desired ways to achieve them.

Meanwhile, in a planning and controlling process organizations should have knowledge about the Internal and External Environment as well. The most important process of Management is controlling. The reason is, in the controlling process managers turn around to first stage of planning process to check whether the planned goals and objectives are achieved or not. If there are any variations, then managers they need to change the strategies and reprocess the work.