To have good control over all the activities. To improve efficiency. To reduce the chances of mistakes. Planning involves setting objectives and deciding in advance the appropriate course of action to achieve these objectives so we can also define planning as setting up of objectives and targets and formulating an action plan to achieve them. Another important ingredient of planning is time.
Planning also reduces the risks of uncertainty. It is also the case that development planning provides certainty and improves the quality of decision-making process for all parts of government — from national, regional to local governments — and for the private sector.
When planning for economic development, the goal is to create and maintain a strong, vibrant local economy. The economic development plan provides a comprehensive overview of the economy, sets policy direction for economic growth, and identifies strategies, programs, and projects to improve the economy.
The planning process provides the information top management needs to make effective decisions about how to allocate the resources in a way that will enable the organization to reach its objectives. Productivity is maximized and resources are not wasted on projects with little chance of success. The planning processing has three essential steps — Determining missions and goals, Formulating the strategy, and finally Implementing the strategy. Strategic planning is important to an organization because it provides a sense of direction and outlines measurable goals.
Strategic planning is a tool that is useful for guiding day-to-day decisions and also for evaluating progress and changing approaches when moving forward. Read ahead to learn more about the six vital elements of strategic planning: vision, mission, objectives, strategy, approach, and tactics. Planning is the first function and controlling is the last function of managerial process. Controlling keeps a close check on the progress of work and identifies any deviation from the set plans and objectives.
In this way it sets the basis for future actions and planning. Begin typing your search term above and press enter to search. Press ESC to cancel. Skip to content Home Essay What is the importance of planning? Ben Davis May 1, What is the importance of planning? What are the importance and benefits of planning? Why is planning for your future important?
What is the importance of planning in business? What are the main objectives of planning? Which of the following is benefit of planning? What is the impact of planning?
What is the importance of planning in law enforcement? What is the definition of police planning? What are the ideal traits of police officers? What are the guidelines of planning? What is basic planning? What is planning and its function? Where passion is the feeling of enthusiasm, motivation is the force or influence that makes things done.
Come to think of it, a lot of people feel like doing something but oftentimes lack the motivation. There is the urge for success and greatness but without a proper plan to motivate one to reach it, it might not be possible. Planning has its way of motivating you to push through. That is enough force and a reason to ensure to follow the plan to the end. There is nothing scarier than the fear of uncertainty.
If you plan properly, you can reduce the event of uncertainties. Risk comes with everything we do in life and the higher the risk, the higher the possible reward. Even though insurance covers risk, planning eliminates or reduces it, you should also start thinking about your retirement plans. The fact is, even insurance is a result of planning. So, instead of leaving things to chances and allowing insurance to clean up the mess, you should just plan effectively to reduce the risk and uncertainties.
Do you want to join this great community of students from all around the world? Click here. We all run into problems once in a while and it will do you good to know that most of the problems you run into could have been avoided by proper planning. During the planning stage of any project, potential problems should be uncovered and adequate preparation should be made to solve the problem. Finding and implementing solutions to the problem before it shows up will ensure a smooth flow of processes.
There is enough room while planning. There is room for mistakes and trials which would have been too expensive if it was executed. Plan anything and everything and imperfections will drastically reduce. You can choose to see the imperfection as a process that leads you to the light at the end of the tunnel. Planning helps you to eliminate regrets either because of a failed project or a not-so-successful project.
When you get to the finish line and your goal is accomplished, there would be joy all over your face. Planning gives you a sense of satisfaction. You and I both know that planning gives purpose, process, and direction to get the goal.
Everybody gets satisfied when they get to a position by prior design or plan, and not by accident. You also know from experience that the tougher the task, the more satisfaction you get. Without a plan, you will not only get bored , but you will also lose the fulfillment of reaching the goal.
Have you ever seen two people do the same thing with a similar result but you like one better? Yes, it happens. Professionalism cannot be overlooked either in business or in life.
When you finish a task or run a business with a professional outlook , people will tend to appreciate what you do. Planning is a major factor in determining the professionalism of a job done. The feel and sense of control you have while carrying out your plans to achieve the goal is the same feeling that aids professionals to do better than average people.
Even when a problem arises, a good plan will let you handle the situation well so you would not look unprofessional.
I talked about efficiency, getting better and adding a touch of professionalism above. The result of all these become productivity. Once you have cut out all excesses and you are motivated, nothing can stop you then from attaining your goals. You will not only get to the target but could also diversify and go beyond. This might seem a bit obvious but I have decided to use it to crown it all. The main reason for planning is to succeed.
Even though success is subjective because what Mr. A describes as success might not be the same as Mr. The goal you define for yourself and plan towards will be the yardstick for measuring your own success. Planning can be a lot of work but it always pays in the long run.
Once you take your time to get it right, and you follow through with the right plan, you will record success. Plan constructively, execute meticulously, and get inevitable success. Having a plan to guide the direction of the company allows managers to choose assignments for employees to work on that make the most sense to meet the objectives of the business.
When everyone works together on projects that can have the most impact, it puts the company in a better position to achieve success. When a company has a plan in place, management is better-equipped to handle uncertainty. Plans can be created to handle possible future scenarios, so that the company is prepared for any situation with a list of resources.
Ambiguous circumstances can bring a company down, but proper preparation can be the key to staying afloat during hard times. Proper planning allows management to expand the business. When a plan is in place, management is able to easily review the strengths and weaknesses of the company.
This allows leaders to map out areas into which the business could successfully expand.
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