Needimportance and advantages of planning planning is, Ask an Expert

Management Studies

NEED,IMPORTANCE AND ADVANTAGES OF PLANNING

Planning is valuable due to the following reasons:

1. Basis of Success

Planning is the foundation of successful operation of any organization. Montgomery sums up that "Successful planning - i.e., a clear explanation of goals, determination of methods to move towards them and a review of progress-is the keynote of achievement in an organization."

2. Keystone management function

Planning is without doubt the keystone management functions because all other functions are required to carry out the decisions of planning. Planning purpose distinguishes 'managers' from 'non-managers'.

View complete question

Management Theories, Management Studies

Category:- Management Theories
Reference No.:- M9556458

Have any Question?Write your Review or question?

Related Questions in Management Theories

Describe how government-supported big business during the

Describe how government-supported big business during the Reagan Era effected the U.S. economy and labor unions.

Questionwrite a paper of 1000-1500 words that addresses the

Question: Write a paper of 1,000-1,500 words that addresses the following: 1. Discuss two or three of the major shifts that have occurred in managerial theories and concepts pertaining to the evolution of human resources ...

The following are amounts of time minutes spent on hygiene

The following are amounts of time (minutes) spent on hygiene and grooming in the morning by survey respondents (based on data from an SCA survey). 15, 16, 18, 25, 26, 30, 32, 41, 45, 55, 63. Does the number 63 appear unu ...

A surgical technique is performed on nine patients you are

A surgical technique is performed on nine patients. You are told there is 70% chance of success. Find the probability that the surgery is successful for exactly 6 patients.

Final reflection-preparing for final assignmentthroughout

Final Reflection- Preparing for Final Assignment: Throughout the course, numerous topics on healthcare management have been discussed. Reflecting on the different discussions, readings, assignments, and your previous cou ...

Discussion - this discussion deals with the important topic

Discussion - This Discussion deals with the important topic of whether money is a motivator for increased job performance and satisfaction. Look at your own history of how you have been compensated, what problems you saw ...

Seek out at least three individuals within your sphere of

Seek out at least three individuals within your sphere of influence and ask the following: What does workplace stress feel like to you? What activities or actions do you or your organization initiate to reduce workplace ...

Show your work i already have my own answer and am trying

Show your work! I already have my own answer, and am trying to compare for accuracy. Graph needs to be included. Most graduate schools of business require applicants for admission to take the GMAT, the Graduate Managemen ...

Questionthere are several types of networks while the

Question: There are several types of networks; while the concepts are the same, only the names of the elements change. A network is a set of nodes connected by links, for example. However, some of the academic literature ...

Case study assignment -case description liang global

Case Study Assignment - Case Description: Liang Global Solutions (LGS) operates in the six New England states. LGS faced an important decision: selecting network software that would maximize functionality, manageability, ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Management Theories Expert