Basis
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Planning
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Co-ordination
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Meaning
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Planning is a psychological process of thinking and deciding in advance what is to be done and how it is to be done. | Coordination is the process of achieving goals by establishing harmony and integrity among people in the organisation. |
Objective
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To set goals and choose the means to achieve them. | To ensure smooth functioning of the organisation. |
Level of management
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Plans are formulated by the top-level management. | Coordination is required at all levels of management. |
Order
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It is the first function of management. | It is the fifth function of management; it comes after planning, organising, staffing and directing. |
Factors
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Internal and external factors are considered while setting goals.
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It focuses on the internal environment of the organisation. |