Importance of Planning

Meaning of Planning

• Deciding in advance the future course of action
• What to do today, after a week, after a year

Need for Planning

• Bridging the gap between where you are and where you want to be
• Top-level people do planning

Definition of Planning

• Deciding in advance
• What to do, how to do, when to do

Benefits of Planning

• Feature Course of Action: Opens the path for the future
• Providing Path: Shows the right direction through planning
• Improving Planning: Boosting the company, avoiding problems
• Avoiding Problems: Timely delivery of the product
• Utilization of Resources: Maximizing benefits

Areas of Improvement through Planning

• Coordination: Helps in creating synergy
• Checking Errors: Helps in correcting mistakes and observing results
• Development of New Ways: Innovative ideas

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