Summary: The Importance Of Planning

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planning
Planning is a process of deciding in advance where we want to get to (our goal) and how we will get there.Planning helps us to decide what that contribution should be and how to achieve it.

purpose of planning
Every plan should be linked with some objectives. The planning done by managers is aimed at achieving the organizational goals. The planning helps people in concentrating their efforts on the most important jobs rather than wasting time on the lesser important work. The purpose of planning is also to minimize the cost of performance and eliminate unproductive efforts. It also helps the management in adopting and adjusting according to the changes that take place in the environment. Planning also provides a basis for teamwork
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It helps us to identify our goals clearly. It makes us decide clearly and concretely what we need to do to have the effect on society that we want.
2. It helps us make sure that we all understand our goal and what we need to do to reach it by involving everyone in the planning process.
3. It makes us all work in a goal-oriented way rather than in a loose or ad-hoc way where we just respond to issues and crises with no clear plan or
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Planning helps us see in advance those things that can help us achieve our goal and those things that can prevent us from achieving our goal and work out what to do about them.
5. Planning helps us to be accountable for what we do.
6. Planning helps us decide how best to use our resources (people, time, money, information, equipment) so that they make the most significant contribution to achieving our goal. 7.Planning lays the basis for us to assess and evaluate our achievements effectively

steps in Planning process

As planning is one of great importance to an organisation, the entire process of planning should be carried out in a systematic manner. Planning is an intellectual process which an executive carries out before he does any job with the help of other people. It involves the following steps :

1. Determination of the objectives :

The first step in planning is to identify certain objectives. The objectives set must clearly indicate what is to be achieved, where action should take place, who should perform it and when it is to be accomplished. The objectives should be established for the entire organisation and for each and every department. Planning has no utility if it is not related to certain objectives.

2. Collection and forecasting of Information

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