Step 1: Meaning of planning.
Planning is the process of deciding in advance what to do, how to do it, and who will do it. It involves forecasting future conditions and preparing strategies accordingly.
Step 2: Why planning is futuristic.
1. Future-oriented: Planning always involves looking ahead and predicting future events.
2. Prepares for uncertainties: Planning helps managers reduce risks by preparing alternative courses of action.
3. Sets goals: Planning sets objectives for future growth and development.
4. Decision-making: Every planning activity is based on future predictions like demand, technology, and resources.
Step 3: Example.
A company planning to launch electric vehicles studies future demand, government policies, and charging infrastructure before investment.
Step 4: Conclusion.
Yes, planning is essentially futuristic because it bridges the present with the future by guiding actions in advance.