Planning –What is planning? Planning means looking forward into future and access the course of action to reach the organizational objectives.What is the need of planning? It helps us to cope up with the change, forecast the future, specially to reach the established goals. Since planning plays major role in the development of an organization, manager should prepare a planning strategy which enlightens the organizational goals. It is the fundamental process in an organization.
For example, we plan our day , we plan our trips, we plan our careers, we plan everything. Planning plays vital role not only in the development of an individual but also in the Organizational growth.
Organization often fails in reaching its objectives due to lack of planning, but not because of lack of resources. Planning means looking forward into future, predicting future’s action, analyzing the changes accordingly move with the course of action to reach the prescribed objectives. Continue reading