- BETTER UTILISATION OF RESOURCES<\/strong><\/li><\/ul>\n\n\n\n
Planning is deciding in advance regarding what to do, how to\ndo, who is to do it, when to do. This leads to effective utilization of\nresources as all regarding the job is pre-decided. A person who is pre informed\nabout his duties will perform all his tasks on time in the best way advised\nwhich will bring economy for the whole organization.<\/p>\n\n\n\n
- HELPS IN ACHIEVING OBJECTIVES<\/strong><\/li><\/ul>\n\n\n\n
Planning lays down the goals and also makes the plans to\nachieve the laid goals. On the basis of plan made, the direction is provided to\nthe employees to do their jobs. Overall it can be well said that planning helps\nin achieving the targets or objectives set.<\/p>\n\n\n\n
- ECONOMY IN OPERATION<\/strong><\/li><\/ul>\n\n\n\n
Planning helps in eliminating under-utilization or\nover-utilization of resources, unnecessary activities or movements, wastages\nwhich helps in minimizing the cost of the operations.<\/p>\n\n\n\n
- MINIMISES FUTURE UNCERTAINITIES<\/strong><\/li><\/ul>\n\n\n\n
The uncertain future increases the importance of planning.\nPlanning foresees the changes and uncertainties taking shape in future and\ndevice methods to face them. Some future uncertainties are thus minimized by\nplanning.<\/p>\n\n\n\n
- IMPROVES COMPETITIVE STRENGTH<\/strong><\/li><\/ul>\n\n\n\n
Competitive strength is improved by adding line of products,\nchanges in quality and size of the product, expansion of plant capacity, and\nchange in methods of work. Among these opportunities or alternatives available,\nwhich one is the best to implement is decided by following the process of\nplanning. So, planning helps to improve the competitive strength of the\ncompany.<\/p>\n\n\n\n
- EFFECTIVE CONTROL<\/strong><\/li><\/ul>\n\n\n\n
Planning lays down the goals or targets. The management controls\nthe performance of the organization in respect of the targets set. Actual\nperformance is compared with the standard performance and deviations are found\nout. These deviations are again considered while formulating future plans.\nThus, it can be said that planning leads to effective control.<\/p>\n\n\n\n
- MOTIVATION<\/strong><\/li><\/ul>\n\n\n\n
A well prepared plan encourages the employees of the\norganization and gives them a sense of effective participation. Planning\nmotivates the employees as to what the organization wants to achieve and defines\nit to the employees.<\/p>\n\n\n\n
- COOPERATION<\/strong><\/li><\/ul>\n\n\n\n
Planning helps the management to motivate the individual\nemployees to achieve the common objectives or goals. Planning provides well\ndefined objectives, unity of direction, well published policies, procedures and\nprogrammes. All this facilitate to get coordination, which consequently avoids\nduplication of work and inter-departmental conflicts.<\/p>\n\n\n\n
- PROMOTE GROWTH AND IMPROVEMENT<\/strong><\/li><\/ul>\n\n\n\n
Planning sets a standard to control purpose. So useless and\naimless activities are avoided. It leads to the growth and improvement of an\nindividual and the organsitaion.<\/p>\n\n\n\n
- DEVELOPS RATIONALITY AMONG MANAGEMENT EXECUTIVES<\/strong><\/li><\/ul>\n\n\n\n
Disciplined thinking of management executives is geared up\nthrough formal planning. Management executives take action only after putting\ntheir thoughts in blueprint. In this way, planning brings rational thinking and\napproach among management executives.<\/p>\n\n\n\n
- PREVENTS HASTY JUDGMENTS<\/strong><\/li><\/ul>\n\n\n\n
We can analyze a problem through a plan and consider the\nalternatives before taking a sound decision. It is possible to plan in advance\nas to what will be done and how it will be done. This avoids hasty judgment.<\/p>\n\n\n\n
- REDUCES RED-TAPISM<\/strong><\/li><\/ul>\n\n\n\n
Junior most executive can act according to the pre-planned\ndecisions. There is no need for him to get any fresh permission for his action.\nIt saves time, energy and cost and reduces red-tapism.<\/p>\n\n\n\n
- ENCOURAGES INNOVATIVE THOUGHTS<\/strong><\/li><\/ul>\n\n\n\n
A good plan should provide a basis for new thinking in any\nindividual. It seeks the way to encourage the people to coordinate and to\nachieve common objectives. According to DE HUSSEY \u201cA good planning process will\nprovide avenues for individual participation, will throw up more ideas about\nthe company and its environment, will encourage an atmosphere of frankness and\ncorporate self-criticism and will stimulate managers to achieve more.<\/p>\n\n\n\n
- IMPROVES ABILITY TO COPE UP WITH THE CHANGE<\/strong><\/li><\/ul>\n\n\n\n
Planning helps the managers to cope up with the changes but\nit cannot prevent changes from happening. This creates awareness among the\nmanagers regarding the incidence of change.<\/p>\n\n\n\n
- ANTICIPATION OF CRISIS<\/strong><\/li><\/ul>\n\n\n\n
Careful planning will avoid the crisis which is likely to occur. In this way, management can reduce the organizational disturbances.<\/p>\n\n\n\n
- ANTICIPATION OF CRISIS<\/strong><\/li><\/ul>\n\n\n\n
- IMPROVES ABILITY TO COPE UP WITH THE CHANGE<\/strong><\/li><\/ul>\n\n\n\n
- ENCOURAGES INNOVATIVE THOUGHTS<\/strong><\/li><\/ul>\n\n\n\n
- REDUCES RED-TAPISM<\/strong><\/li><\/ul>\n\n\n\n
- PREVENTS HASTY JUDGMENTS<\/strong><\/li><\/ul>\n\n\n\n
- DEVELOPS RATIONALITY AMONG MANAGEMENT EXECUTIVES<\/strong><\/li><\/ul>\n\n\n\n
- PROMOTE GROWTH AND IMPROVEMENT<\/strong><\/li><\/ul>\n\n\n\n
- COOPERATION<\/strong><\/li><\/ul>\n\n\n\n
- MOTIVATION<\/strong><\/li><\/ul>\n\n\n\n
- EFFECTIVE CONTROL<\/strong><\/li><\/ul>\n\n\n\n
- IMPROVES COMPETITIVE STRENGTH<\/strong><\/li><\/ul>\n\n\n\n
- MINIMISES FUTURE UNCERTAINITIES<\/strong><\/li><\/ul>\n\n\n\n
- ECONOMY IN OPERATION<\/strong><\/li><\/ul>\n\n\n\n
- HELPS IN ACHIEVING OBJECTIVES<\/strong><\/li><\/ul>\n\n\n\n
![\"ADVANTAGES](\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/04\/cropped-cropped-Presentation-resize-1.jpg\")