CBSE Class 12-commerce Business Studies Part I Planning

This CBSE Class 12 Business Studies video on Planning explains about the preliminary/primary function of management, i.e. planning, and talks about its process, characteristics, importance, merits and demerits. It emphasises on the importance of planning and its advantages. It also talks about how a lack of planning can make things difficult for an organisation. It tells us how planning is strongly correlated with innovation and vision, and how it is an essential step for managers at all levels of organisational hierarchy.