08 Abr The Importance of Planning and Programs Development

Planning is a crucial function that lets management understand the larger picture. It is a prerequisite to other fundamental managerial tasks such as organizing staffing, managing, and leading. But, many managers find themselves not engaged in the process of planning and don’t reap the full benefits it brings. This could be due to an absence of training or a predisposition to avoid engaging in this role.

Improved Decision Making

A plan requires managers to be aware of the consequences of their decisions. This is because a plan lays out the goals they hope to attain and assists them in evaluating the anchor potential benefits and risks of each decision they make. It also helps to keep track of the long-term results of their actions like how an investment today could affect the growth of the business over the next three years.

Productivity Boosted

A clear plan allows individuals to break down difficult tasks into manageable chunks and allow them to be completed in a lesser amount of time. This allows them to use their time more efficiently and reduces the possibility of miscommunication.

A plan can help an organization understand its strengths and weaknesses in the marketplace. This will allow it to benefit from the growing markets before others do giving it a competitive edge. A detailed and clear plan can give a structure to plan work and ensure that the responsibilities are distributed effectively and that key milestones are tracked proactively.