This statement is False.
Reasons :
1. Planning means deciding the future course of action. To do any job we have first to study the exact nature of the job, the factors necessary for executing the job, the method of doing the job, the time when the job is to be completed and many other considerations. Thus, planning is the very first stage of management.
2. Planning is a systematic activity which determines when, how and who is going to perform a specific job. It is a sort of detailed programme regarding the job to be completed in the future. It is the foremost, fundamental and important function of management.
3. Planning makes the arrangement of requisite men, materials, machinery, methods and money, so that the job can be completed effectively and efficiently. Planning takes into consideration the available and potential human, physical and financial resources of the organisation and gets their effective co-ordination and necessary contribution.
4. Planning is concerned with both the processes of determining the objectives of the business and choosing the most suitable course of action. Planning bridges the gap between where we are standing now and where we want to reach. It is really looking ahead and preparing for future.
