Significance of planning - June 18, 2009
1. Planning help in devising means to achieve organization objectives.
2. It aids in accumulating information that can be used to develop detailed guidelines for achieves organizational goals.
3. Planning provides manager with a sense of direction. it helps in developing objectives,
Which facilitate the smooth flow of organizational activities?
4. It provides guidelines for decision –making.
5. Planning facilitates the optimum utilization of available resources, which in turn improves organizational effectiveness.
6. It provides a basis for control. Through control, managers ensure that the activities are in conformity with the developed plans.
7. Planning facilitates delegation of authority and coordination of various activities within the organization.