Planning begins with determination of objectives.
It highlights the purposes for which various activities are to be undertaken. In fact, it makes objectives more clear and specific.
Planning helps in focusing the attention of employees on the objectives or goals of enterprise. Without planning an organization has no guide.
Planning compels manager to prepare a Blue-print of the courses of action to be followed for accomplishment of objectives. Therefore, planning brings order and rationality into the organization. Planning minimizes uncertainties.
Business is full of uncertainties.
There are risks of various types due to uncertainties.
Planning helps in reducing uncertainties of future as it involves anticipation of future events. Although future cannot be predicted with cent percent accuracy but planning helps management to anticipate future and prepare for risks by necessary provisions to meet unexpected turn of events. Therefore with the help of planning, uncertainties can be forecasted which helps in preparing standbys as a result, uncertainties are minimized to a great extent. Planning facilitates co-ordination.
Planning revolves around organizational goals.
All activities are directed towards common goals.
There is an integrated effort throughout the enterprise in various departments and groups. It avoids duplication of efforts. In other words, it leads to better co-ordination. It helps in finding out problems of work performance and aims at rectifying the same. Planning improves employee’s moral.
Planning creates an atmosphere of order and discipline in organization. Employees know in advance what is expected of them and therefore conformity can be achieved easily. This encourages employees to show their best and also earn reward for the same. Planning creates a healthy attitude towards work environment which helps in boosting employees moral and efficiency. Planning helps in achieving economies....