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प्रश्न
Explain any three points that highlight the importance of planning.
उत्तर
Importance of planning can be highlighted using the following points:
1) Guiding force: Planning acts as a guiding force for the subsequent functions of management and serves as a basic framework in the functioning of management. It allows the initiatives of cooperation and coordination to grow and helps the organisation to achieve its primary objectives. It creates a cordial atmosphere where suggestions and feedback of all employees are welcomed.
2)Hedging uncertainties: Planning attempts to predict and provide for unforeseen business changes occurring in the dynamic business environment on a day-to-day basis. It forecasts upcoming challenges and prepares the management for them in advance so that the productivity of the organisation does not get hindered.
3)Efficiency: Planning attempts to eliminate undesired wastage of valuable resources and creates an action plan which focuses on completion of goals efficiently in terms of time and cost involved. It aims to direct employees in such a manner that they reach their optimum individual performance level.
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संबंधित प्रश्न
Two years ago Nishant, completed his degree in Textile Engineering. He worked for sometime in a company manufacturing readymade garments. He was not happy in the company and decided to have his own readymade garments manufacturing unit. He set the objectives and the targets and formulate action plan to achieve the same. One of his objectives was to earn 80% profit on the amount invested in the first year. It was decided that raw materials like cloth, thread, buttons etc. will be purchased on two months credit. He also decided to follow the steps required for marketing the products through his own outlets. He appointed Ritesh as a production manager, who decides the exact manner in which the production activities are to be carried out. Ritesh also prepared a statement showing the requirement of workers in the factory throughout the year. Nishant informed Ritesh about his sales target for different products areawise for the forthcoming quarter. A penalty of Rs 200 per day was announced for the workers who found smoking in the factory premises.
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______ feature of Planning is stated in the above statement?
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