Planning of the Business, Who wants to start a new business

The first thing to do is start planning. No work can be done without the hypothesis. Success can not be achieved without a plan. It is our daily business or trade business. So before doing any work we have to plan. What is the plan to go before the business plan? The importance of the plan. What type of plan?

What is meant by Planning:

In general, in the general sense, the predetermined image of the future program or the plan is called Design.

Newman said: “Planning is deciding in advance what is to be done; that is, a planning is a project course of action.

Terry and Franklin said: “Planning is selecting information and making an assumption regarding the future to formulate activities necessary to an organizational objective.

Importance of Planning:

The plan is the first and important task of management. Which provides the basis for business management and realization of business. It provides the means and uncertainty of the business. So, in the present time, no company can be managed in the plan.

The main task of the plan is to reduce the chaos in the workplace and reduce uncertainty and help in achieving business objectives in the simplest way. Executive and supervisors can easily do the scheduling and take part in the light due to the prefabrication. Therefore, it is the first major action in achieving effective planning objectives.

During the planning process, take a careful evaluation of all the problems inside and outside the organization that may be tackled in the future. To reduce the risk of business in the competitive market, reduce the uncertainty, facilitate expansion and development of its activities.

If you start thinking carefully beforehand, then the cost of excess is greatly reduced. If there is a budget in all the stages of the organization and the budget based activities are carried out, it is easy to achieve the profitability. Apart from this, the plan also helps to reduce waste of manpower and other inputs.

Unpredictable and chaotic work only increases problems; Likelihood is never possible If working through a good plan, it is possible to ensure the effective use of all the tools used in the organization. It enhances the efficiency of every work-instrument. Which can increase institutional productivity and ensure targets?

The plan provides a clear outline of the future operation of the organization. Since every person, department, and subdivision is working under the scheme from the top of the organization, everyone can know about their needs and accordingly work with mental preparation.

The basis of all work planning plans. Other things to do without planning, such as organization, employment, direction, motivation, coordination, control etc. can not be performed properly. Therefore, it is important to implement the precise management of other operations.

The plan helps all parties, including the manager, in the future vision. With this, the future program is easy to understand in one parallel. So compare the H.Koontz & O.Donnell plan to "Looking Glass". Although there is a plan, there is no problem in the workplace even if the executive changes in the organization.

The problem of the unexplained problems at each stage of the incident can be resolved accurately and quickly under the planned plan. Many times the action of the future is taken into consideration on future issues. If there is no plan to resolve the issue, it may be delayed or the problem solving may not be possible at all.

Finally, all the above can be achieved from a good plan and can be improved in the business. So the importance of planning in business is immense. The next topic will discuss the types of plans and the advantages, disadvantages.