This is the first management function and it is a very important area of all the four functions of management. This is the core foundation of management from which other management functions are derived and built. Planning requires the management of an organization to do thorough evaluation of the current state of the company and where the company will be in future. It involves setting goals and objectives to be achieved by an organization within a specified duration .During the planning process, management evaluates both internal and external factor s that affect the company.
Developing skills to effectively manage your time will bring forth improvements to your life on a dramatic scale. You must be accepting to making fundamental changes. You have to learn to prioritize and take things one step at a time. Chances for failure increase when you take on more than you can handle or when you take on too much at one time. Developing time management skills will also help you get to know yourself a little better. This is the first step in proper time management. As people age, it becomes much easier to lose track of important things in your life. It seems crazy that humans allow this to happen, but it is something that happens really easily. The first thing you must do is get in touch with what it is you want to accomplish from your life.