The planning function of management is crucial to any company. It lays down the goals, objectives, and schedules for all employees, ensuring that no one is left behind. This is the first step in the development process, and it helps companies avoid costly mistakes. The next step is to monitor the plans in order to determine how well they are working. A good planning system will consider feedback and information from departments and the persons who are directly affected by the business.
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Direction is a key function of management. A manager cannot expect employees to perform required work without knowing what they should do. The absence of clear directions can wreak havoc on a business and threaten its success, growth, and stability. This process is called ‘visioning.’ The planning process ensures that the right actions are taken to accomplish the goals. It’s critical to the survival and success of a company.
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Effective planning focuses on the ultimate goal and the capabilities available to accomplish it. It helps eliminate wasteful activities and improves productivity and motivation. It identifies opportunities for cutting costs and improving results. Regardless of how the plan is developed, it must be based on the end-state and the capabilities of the team members involved. It’s important to remember that planning is a process that doesn’t happen overnight. Having a plan will help you make better decisions that will benefit the organization in the long run.
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