1. Minimizes uncertainty: Planning certainly minimizes future uncertainties by basing its decisions on past experiences and present situations.
2. Better utilisation of resources: All the resources are first identified and then operations are planned. All resources are put to best possible uses.
3. Economy in operation: The operations selected being among possible alternatives, there is an economy in operations.
4. Better co-ordination: Planning will lead to better co-ordination in the organisation which will ultimately lead to better results.
5. Encourage innovation: Planning helps innovative and creative thinking among managers because they will think of many new things while planning.
6. Planning makes control possible: Control cannot be exercised without planning. With the help of planning the actual output can be compared the desired one, difference is acquired and reasons are located to get necessary action towards unfavorable differences.
7. Planning helps motivation: The manager cannot only verify but can encourage workers to attain the targets. When tangible goals are insight it is easier to encourage the workers to reach those levels.
8. Planning ensures against failures and setbacks: Planning is based on estimates. It is an effort to visualise the future and attain goals through present action.
9. Management by exception possible: Planning fixes objectives of the organisation and all efforts should be made to achieve these objectives. Management should interfere in other aspects only when things are not going well. Thus by the introduction of management by exception, managers are given more time for planning. The objectives rather than wasting their time in directing day-to-day work.
2. Better utilisation of resources: All the resources are first identified and then operations are planned. All resources are put to best possible uses.
3. Economy in operation: The operations selected being among possible alternatives, there is an economy in operations.
4. Better co-ordination: Planning will lead to better co-ordination in the organisation which will ultimately lead to better results.
5. Encourage innovation: Planning helps innovative and creative thinking among managers because they will think of many new things while planning.
6. Planning makes control possible: Control cannot be exercised without planning. With the help of planning the actual output can be compared the desired one, difference is acquired and reasons are located to get necessary action towards unfavorable differences.
7. Planning helps motivation: The manager cannot only verify but can encourage workers to attain the targets. When tangible goals are insight it is easier to encourage the workers to reach those levels.
8. Planning ensures against failures and setbacks: Planning is based on estimates. It is an effort to visualise the future and attain goals through present action.
9. Management by exception possible: Planning fixes objectives of the organisation and all efforts should be made to achieve these objectives. Management should interfere in other aspects only when things are not going well. Thus by the introduction of management by exception, managers are given more time for planning. The objectives rather than wasting their time in directing day-to-day work.
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