Why Planning is the Most Important Function in Management?

It is not possible to start any organization without planning. If you do not have a plan, you do not know what to do in the next. Planning is your doorway where you start to think about your organization or small business. Planning is the process of making a plan. It is one of the most important skills a leader must have.

You may also like: Seven Core Functions of Management

So, why do we plan?

Planning is a procedure which comes from your thinking, actually from organized thinking. It will help you to create a proper plan for your business organization. It also provides you the way to think on how you will maintain your business organization. Planning is like a map. Seeing the map, you will conduct your journey, and reach the desired destination

Why Planning is The Most Important Function in Management

• It is the doorway for your business: you know where to start, and what your goals are. So, it is clearly defined why you are going to give efforts.
• It provides you directions: you also have your defined strategies. You know what to do, and what not to.
• You have your defined goals: you have done enough brainstorming. Now you know what your goals are. You can also change your goals if needed because you have enough time to think.
• It reduces the risk from your organization: when you define your strategies, you choose the most flexible ways. Also, you avoid the risk ways of achieving those goals. This gives you way to reduce the business risks.
• You can use your resources efficiently: you can find out ways of utilizing your resources fruitfully. You can ensure the most efficient way of utilizing those resources.
• You can achieve innovative ideas: As you have enough time to think before starting the business, you can find out innovative ideas.
• Fewer difficulties in decision making: As you already know what you are going to do, you will take less time on additional decision making.
• You can set standards for controlling: you can set standards to control your business activities in advance.

Planning is the most important function of management. A good business plan can show you a proper way to define business goals and strategies on how to achieve those goals.