BENEFITS OF GOOD PLANNING

" A Goal without a plan is just a wish"

-Antoine de Saint-Exupery

Planning is the process of assessing an organization's goals and creating a realistic, detailed plan of action for meeting those goals. It is the foundation of management process and said tpo be the thinking and analyzing portion.

Therefore, planning brings order and rationality into the organization. Here are some of its benefits:

• 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.

• 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.It also creates a healthy attitude towards work environment which helps in boosting employees moral and efficiency.

• Effective planning secures economy since it leads to orderly allocation ofresources to various operations.
• Planning is basically a decision making function which involves creative thinking and imagination that ultimately leads to innovation of methods and operations for growth.