Final answer:
In management, the function of planning is about determining organizational goals and outlining the pathways to achieve them. It is a strategic activity that sets the basis for other managerial functions like organizing, leading, and controlling.
Step-by-step explanation:
A manager engaged in the management function of planning is determining organizational goals and the means for achieving them. Planning involves setting objectives and developing appropriate courses of action to achieve these goals. This process requires managers to envision their desired outcome and determine the step-by-step process by which to achieve these outcomes.
Within the context of management and organizational structure, planning is contrasted with other functions such as organizing, which is focused on the arrangement of resources to meet objectives, leading, which involves directing and motivating people, and controlling, which consists of monitoring performance and making adjustments as needed. Human resources management is another separate function that deals with recruitment, development, and welfare of the organization's employees. The concept of planning is significant as it forms the foundation upon which other management functions are based.