Question

Explain any THREE Points of “Importance of Planning” Function of Management.

Answer 1

Importance of Planning : 

• Planning Provides Direction: By starting in Advance, How Work is to be done, Planning provides Direction for Action. Planning ensures that the Goals or Objectives are Clearly Stated so that they act a a Guide for Deciding , What Action Should be Taken and In Which Direction. It Goals are Well Defined, Employees are Aware of What the Organization has to Do and What they must Do to Achieve those Goals. Departments and Individuals in the Organization are able to Work in Coordination. If there was NO Planning, Employees would be Working in Different Directions and the Organization would NOT be able to Achieve its Derised Goals.
• Planning Reduces the Risk of Uncertainties: Planning is an Activity which enables a Manager to look Ahead and Anticipate Changes. By Deciding in Advance the Tasks to be Performed, Planning shows the Way to Deal with Changes and Uncertain Events. Changes or Events Cannot be Eliminated, but they can be Anticipated and Managerial Responses to these can be Developed.
• Planning Reduces Overlapping and Wasteful Activities: Planning Serves as the Basis of Co-ordinating the Activities and Efforts of Different Divisions, Departments and Individuals. It helps in Avoiding Confusion and Misunderstanding. Since Planning ensures Clarity in Thought and Action, Work is Carried on Smoothly without Interruption. Useless and Redundant Activities are Minimized or Eliminated. It is Easier to Detect Inefficiencies and take Corrective Measures to Deal with them.