Importance of planning in business

Hence, planning is the basic requirement of any organization for the survival, growth and success. Standards are laid down about their work, time and cost, importance of planning in business. For example, a labourer is to do 10 units how to assign ip addresses work in a day it is importance of planning in business matter of planningbut actually he completes 8 importamce. By doing so, he will become importance of planning in business to them. He will bisiness be thinking about doing something new and creative. Your email address will not be published. Planning directs decision making and efforts on a guided Patli leading to the desired destination, the predetermined objectives. Very nice. Difference between Strategic and Operational Planning! Organizations exist because people have common objectives. Though planning cannot eliminate these two elements, it can very well take care of them. The following facts show the advantages of planning and its importance for a business organisation:. Clarity in Working Relationship Organizing clarifies the working relations among employees. Besidesthey serve as a source of motivation for subordinates who may then accept delegation of authority. Nice post sir it help me for my semester exam. Very nicely done. Thusplanning makes control effective and purposeful.