The Importance of Planning and Programs Development

Planning is an essential task that allows the management to see a larger picture. It is essential to undertaking the other basic managerial functions such as organizing, staffing and leading. Many managers are disengaged from the planning process and fail to get the benefits. This could be because of the lack of education or a inclination to not engaged in this process.

Improved Decision Making

A plan makes management take into consideration the consequences of their decisions. This is because a plan sets out the specific goals they want to attain and helps them to evaluate the potential risks and benefits of each choice they might make. It also helps to keep track of the long-term results of their decisions such as how a decision made today will affect the growth of the company in three years.

Productivity Boosted

A well-defined plan allows people to break down complex tasks into manageable chunks, allowing them to be completed in a shorter amount of time. This allows them to utilize their time more efficiently and decreases the chance of confusion.

A plan can also assist an organization identify its strengths and weaknesses in the marketplace, allowing it to tap into expanding markets before competitors take advantage of this opportunity, gaining a first-mover advantage. A well-organized and clear plan can serve as a guideline to plan work and ensure that the responsibilities are distributed effectively and that the most important events are monitored in a timely manner.

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