Difference between method and budget

Planning essentially involves choice from among various alternatives and objectives of there is one possible goal or only one possible course of action, there is no need of planning because thee is no choice. The need for planning arises only when alternative are available. In actual practice, planning presuppose the existence of alternatives, planning, thus, involves through examination and evaluation for each afternative and choosing the most appropriate one.

Planning does not guarantee success. The success of enterprise is possible only when plans are properly drawn up and implemented. The business environment is dynamic, nothing is constant. the organisation has to constantly adapt itself, to the changes of in business environment. I agree with the statement & ”Thought business is an important tool of management, yet it is not a remedy in business environment.
Planning can’t prevent problem. It can only product them to prepare contingency plans to deal with them if and when they occur. Planning fail inspire of efforts of management because of its imitation.

Characteristics of sound plan are :
1. Plan should be simple : for a good plan to be effective, it should be simple, to understand and worked upon different individuals and groups.
2. Plan should be specific : objectives and goals should be clearly defined and explained. Thus planning is purposeful.
3. Plan must be flexible : conditions under which a business operate keep on changing. Therefore, planning must be flexible and not rigid. It should enable the management to take care of the changes in the environment. 

Planning makes co-ordination of various activities, departments and groups relatively easy, planned programmes of activity serve as the basis of harmonizing the efforts of different division, departments and people. Thus, for example, manufacturing and sales activities can be co-ordinate only if plans of the production department are drawn on the basis of sales plane. In the absence of proper planning of interrelated activities the production department may turn out goods which the sales department may not be able to sale and conflict may occur between then heads of two departments. Confusion and misunderstanding may also occur in the absence of integrated planning of different activities co-ordination of departmental operations is facilitated by planning through the establishment of common goals as guide posts.