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What is the purpose of Planning?

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What is a planning?
Planning means setting up a blue print for future and deciding what do you went to do and who will do a particular task. Plans are of many times types and are formulated to achieve specific purposes or all purpose plans.

There are 7 elements of planning:
1) Objectives
2) Policies
3) Procedures
4) Rules
5) Budget
6) Programs
7) Strategies.

A successful plan should be flexible in nature and subject to improvement. It should also be subject to enforcement to be effective. A successful plan is evaluated by the extent that a plan is in conformity with the objectives of the organization and to the extent a plan satisfied the requirements of cost, speed, quality and return on investment.

What is the purpose of planning?
Every plan should be linked with some objectives. The planning done by managers is aimed at achieving the organizational goals. The planning helps people in concentrating their efforts on the most important jobs rather than wasting time on the lesser important work. The purpose of planning is also to minimize the cost of performance and eliminate unproductive efforts. It also helps the management in adopting and adjusting according to the changes that take place in the environment. Planning also provides a basis for teamwork as when the goals are properly defined assignments can be fixed and all the members can start contributing in the achievement of these objectives. Planning gives a sense of direction and ensured that efforts are being put to useful purpose instead of being wasted. Planning also facilitate control because without planning there will be nothing to control.

This article has been written by KJ Singh a MBA Graduate from a prestigious Business School In India
Article Published:November 16, 2011
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Comments
  • halima October 28, 2012 at 7:22 am

    this is a very good piece of educative work. Welldone. Letme be part of u. Keep me posted. Thanks

  • wiseman Ngalala May 16, 2013 at 9:04 am

    this is good and helpful

  • Suliasi Lau September 25, 2013 at 9:25 pm

    i love the above

  • Joey king March 19, 2014 at 3:59 am

    thank u so much Mr. KJ Singh.
    Actually i was searching for purpose of planning and here u hv given a bulk of information regarding the topic…keep posting.. ur effort helps us directly..thanks agn

  • Bale Phrans September 21, 2014 at 3:20 pm

    it’s good and educative.i luv that.keep posting

  • gayathri priya October 26, 2014 at 3:50 am

    Ya its vry useful for all management parties

  • gayathri priya October 26, 2014 at 3:51 am

    I want another one ques sir
    that is nature of planning
    plz note me and help me sir

  • Amal mohan November 1, 2014 at 2:19 am

    Thank you very much sir
    Am also refer purpose of planning but i get a bundle of information from here

  • Apaangu Gilbert November 1, 2014 at 12:20 pm

    thanks so much, ua help gives me courage in my studies.

  • Azeez Qauri Sulu. January 21, 2015 at 1:27 pm

    thank u so much Mr. KJ Singh .
    Actually i was searching for purpose of planning and here u
    hv given a bulk of information regarding the topic… keep
    posting .. ur effort helps us directly . .thanks agn

  • Queen May 1, 2015 at 9:12 pm

    Thank you so much for the above information. very heplfull

  • syanda mchunu May 12, 2015 at 12:34 am

    thank you so much

  • Reshma K Giridharan September 21, 2015 at 10:50 am

    Thank u very much sir. Its very helpful to me. For done my work.

  • Anupam December 19, 2015 at 10:16 am

    a really very helpful article.. thanks sir

  • Aloysius D. Weah January 11, 2016 at 8:41 am

    I am grateful to the publisher of this information. It was helpful for me. It enables me write my assignment and gives me insight on my studies.

  • nthabeleng May 10, 2016 at 9:05 am

    the information really helped me in that I was able to understand the importance and objectives of planning.

  • Mbalale Isaack July 28, 2016 at 1:02 am

    thank for your material

  • Post a comment

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