The Importance of Planning and Programs Development

Planning is a vital function that allows managers to see the larger picture. This is a pre-requisite to other essential managerial tasks such as organizing staffing, managing, and leading. But, many managers find themselves disengaged with the process of planning, and they do not reap the full benefit it offers. This could be because of a lack of training or a predisposition towards not engaging in this role.

Improved Decision Making

A plan can force management to consider the outcomes of their decisions. A plan can help assess the potential risks and benefits of different options, since it outlines specific goals. It helps to keep track of the long term results of their actions, such as what kind of investment they make today will affect the growth of the company in three years.

Increased Productivity

A clear strategy allows people to break complex tasks down into smaller manageable pieces, allowing them to be completed in a shorter amount of time. This allows them to utilize their time more effectively and reduces the risk of confusion.

A plan can also assist an organization to identify its strengths and weaknesses in the marketplace, allowing it to tap into emerging markets before competitors grasp this opportunity, enjoying an advantage of being the first to move. A well-organized and clear plan can provide a framework to project work and ensure that the responsibilities are distributed effectively and that the most important milestones are tracked proactively.

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