Question : The essence of planning is asking and answering question: Where have we come from?, Where are we? Where do we want to go? How are we going to get there? Identify the essence of planning from the following given options.
Option 1: Organising
Option 2: Staffing
Option 3: Forecasting
Option 4: Controlling
Answer (1)
25th Jan, 2024
Correct Answer: Forecasting
Solution :
Planning always implies looking ahead, or planning is a function that is performed in the future. The term "planning" refers to a predetermined course of action. It provides direction to employees' efforts. Planning clarifies what employees must do, how they must do it, and so on. As a result, forecasting is the essence of planning.
Hence, option 3 is the correct answer.
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