Next-Push

Planning help an organization to setup a process, develop strategies to achieve its goal. In the management world planning helps to keep focus on the project's development and increase productivity.  The main importance/significance of planning is listed as follows: 1) Planning facilitates Decision making : - Decision making means the process of taking decision. Under it, a variety of alternatives are discovered and the best alternative is chosen. But it is important to determine the objectives before the discovery of alternatives. Objectives are determined under the process of planning. So. it can be said that planning facilitates decision making. 2) Planning helps in Increase efficiency : - Planning makes optimum utilization of all available resources. It helps to reduce wastage of important resources and avoids their duplication. It aims to give highest returns at the lowest possible cost. Planning thus increases the overall efficiency. 3)...

Planning can be defined as “planning bridges the gap between where we are standing today and where we want to reach ”. It involves setting objectives and deciding in advance the appropriate course of action to achieve these objectives. The most important ingredient of planning is time . Plans are always developed for the fixed time period as no business can go on planning endlessly. The Process of planning is:- 1. Identifies the goals or objectives to be achieved, 2. Formulates strategies to achieve them, 3. Arranges or creates the means required, 4. Implements, directs, and monitors all steps in their proper sequence.                                                                                                   ...