Essay On Advantages Of Planning

Planning

Planning plays a very important role to ensure the management of an organization run smoothly and effectively. Planning is often called the primary management function because it establishes the basis for all the other things managers do. Besides that, planning also is a very useful source for managing the risks that may occur in the future. Planning is a process of identifying an organization 's short term plans which a time frame of one year or less and long-term plans which a time frame beyond three years, monitoring strategies for an organization and concerned with defining goals for company 's future direction in order to achieve their target.

Planning can be realized in the form of business plan or marketing plan.

It can be affirmed with the simple and clear words for employees to get a direction and all their effort are focused towards in view of the objective. This will make the achievement of sales target a certainty. Moreover, it also lays down the criteria for evaluating courses of action as planning sets the target for decision making. Thus, in the absence of objectives an organisation gets disabled and the objectives are laid down under planning.

Another advantage of planning is can reduce the risk of uncertainty. The company can predict and plan expectable possible changes that may give a very influential impact on the organization in future. With the help of planning the risk of future uncertainties can be minimised thus the possible difficulties can be avoided. Thirdly, planning can reduces overlapping and wasteful activities. In such a situation, coordination is established among different activities so the operational activities of the company will run smoothly with no predicament in the task apportioning and responsibilities of each person thus it puts an end to overlapping and wasteful activities. As a consequence, wastages moves towards nil, efficiency will be increases and costs can be reduced to the lowest