The Importance of Planning and Programs Development
Planning is an essential job that allows management to see a bigger picture. It is an essential element to other basic managerial tasks like organizing, staffing, and leading. Many managers are disengaged from the planning process and don’t get the benefits. This could be due to the lack of education or a predisposition towards not taking part in this task.
Improved Decision Making
A plan can force management to look at the effects of their decisions. This is because a strategy sets specific goals they are aiming to achieve and so it aids them in evaluating the potential risks and benefits of every decision they make. It also allows them to keep their eyes on the future outcomes of their actions. For example, how the investment they make now could impact on the growth of the business in three years three years’ time.
Productivity Boosted
A clear strategy allows people to break down complicated tasks into manageable parts, allowing them to be completed in a lesser amount of time. This helps them utilize their time more efficiently and reduces the possibility of miscommunication.
A plan can also aid an organization identify its strengths and weaknesses in the market, enabling it to capitalize on the growing market before competitors recognize this opportunity and gain an advantage in the first mover category. A thorough and clear plan can serve as a guideline to project work and ensure that responsibilities are allocated efficiently and that important deadlines are tracked in a proactive manner.
