what is important of planning

Re: what is important of plainng

Planning provides direction
Planning provides chances to analyze alternative courses of action
Planning reduces uncertainties
Planning minimizes arbitrary and impulsive decisions
Planning can give the right resource allocation
Planning can produce efficiency
Planning provides anticipative actions

Re: what is important of plainng

Hello Friends,

The importance of the planning function should have be clear to you. We can outline the importance of planning function as follows:
Provides Direction: Planning provides a clear sense of direction to the activities of the organization and to the job behavior of managers and others. It strengthens their confidence in understanding where the organization is heading and what for, how best to make the organization move along the chosen path, and when should they take what measures to achieve the goals of the organization.

Thanks

Re: what is important of plainng

When starting or running a business it always comes with a lot of risks involved. Spending time on identifying exactly where you want to take your business and how you will get there should help you reduce and manage those risks. Without the proper planning you are pretty much setting yourself up for disaster.

Re: what is important of plainng

planning helps you to minimum the risk involved in it..forecasting your demand as well, so in every business planning is so omportant.

Re: what is important of plainng

wow such a nice and good thread being continue here,,as well as also you are providing good info,,and i will must say its just due to yours all the efforts and hard work which can be seen here..good work,,good luck..:)

Re: what is important of plainng

Very interesting post i like this post. Planning is an important process to bring about effective integration of the diverse decisions and activities of the managers not only at a point of time but also over a period of time. It is by reference to the framework provided by planning that managers make major decisions on organizational activities, in an internally consistent manner.

Thanks for...

Re: what is important of plainng

Hello friends this post is very nice and important. Really i appreciate to this post...I shared to information about this post...Business planning may be arduous, but skipping this step can leave you uninformed about your firm's place in the market. The type of information gathered during the planning process can help you foresee potential risks and develop strategies for dealing with them before they occur. Many owners return to their business plan even after their firm is up and running to help them refocus and chart a path for the future.

Thanks for...

Re: what is important of plainng

Hello Friends,

The importance of the planning function should have be clear to you. We can outline the importance of planning function as follows:
Provides Direction: Planning provides a clear sense of direction to the activities of the organization and to the job behavior of managers and others. It strengthens their confidence in understanding where the organization is heading and what for, how best to make the organization move along the chosen path, and when should they take what measures to achieve the goals of the organization.

Thanks

Re: what is important of plainng

planning is so important in every business. as it helps to accomplish our goals for the organisation, and it led for clearly future forecasting.

Re: what is important of planning

Planning is a key to manage your ambition in a continue order which helps to set your goal and make it realistic.

Re: what is important of plainng

Hello

I think planning is first and most important point of the management and we have to think first before starting a big business.
Because there is too much money is involved in business and human resource is involved in one business so we have to planned well and execute it one by one

Pedro

Re: what is important of plainng

Making plan is very important because it brings you clear target of your business.

Re: what is important of plainng

Hello
I think planning is the first part of the management and most important. In planning we think about staff, raw material, machinery, where we want to hire a land etc.
Garrick

Re: what is important of plainng

Planning provides a clear sense of direction to the activities of the organization and to the job behavior of managers and others. It strengthens their confidence in understanding where the organization is heading and what for, how best to make the organization move along the chosen path, and when should they take what measures to achieve the goals of the organization.