What are the importance and benefits of planning?
4 years ago
Principle of Management
- Planning gives the organisation direction as it provides expected levels of performance – it gives the organisation an idea of where it is heading, what it has to achieve and how it will be accomplished
- If objectives are clearly formulated, planning promotes co-operation among various departments or sub-units of organisations
- A manager is compelled by planning to look at the future, thus it encourages the proactive approach to management
- Morden technology advances can best be exploited if a formalised planning process exists e. the organisation is better prepared for such changes if it plans in the first instance.
- The increasing complexity of organisations necessitates planning e. the interdependence between various managerial functional areas and planning makes c-ordination easier
- Planning ensures that an organisation is better prepared for today’s ever changing environment
- Resources aimed at or to be committed towards achieving organisational goals can be set aside if a formalised planning system exists
Susmita Sah
Jan 13, 2022