Importance of Planning

Planning is a key aspect of management. Planning enables us to take control of our ambitions and time, while giving us a sense of direction. Planning begins by reviewing what is needed to be done. Planning is needed at every level of life for example companies, institutions, families and individuals make plans to align with available resources and aspirations. In the absence of planning most activities becomes meaningless. Planning enables us to establish goals,use resources efficiently, and manage risk. Planning is also done for future uncertainty. During the process of taking decision, innovative ideas is brought to bear.
The first step in planning is to set out objectives which will give direction to the required activities needed to be performed. This steps will help focus attention on the expected results.