Management Notes

Reference Notes for Management

Importance of Planning – Concept of Planning | Principles of Management

Importance of Planning

Importance of Planning

Planning is the process of deciding what needs to be done, who should do it, how it should be done, and when it should be done. Choosing a course of action to achieve results is the process of deciding what should be done. By bridging the gap between where we are and where we want to be, it helps us achieve our goals. It allows for things to happen that would otherwise not be possible. Planning is a higher-order mental process requiring intellect, imagination, foresight, and sound judgment. 

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