Do you think planning is a guarantee for organizational success?Give reason.
Answers
The planning process provides the information top management needs to make effective decisions about how to allocate the resources in a way that will enable the organization to reach its objectives. Productivity is maximized and resources are not wasted on projects with little chance of success
How important is planning?
Helps to achieve objectives: Every organization has certain objectives or targets. It keeps working hard to fulfill these goals. Planning helps an organization to achieve these aims, but with some ease and promptness. Planning also helps an organization to avoid doing some random (done by chance) activities.
Off course planning is a guarantee for organizational success. the following are some of the reasons with justify the same :
1. Planning provides directions for actions/work to be done.
2. It reduces the risks of uncertainty.
3. It reduces overlapping and wasteful activities.
4. It promotes innovative ideas.
5. It facilitates decision-making process.
6. It establishes standards for controlling.