3. Planing and decision making

3.2. Reasons for planning

Reasons for Planning

1. To Set Objectives – Planning helps organizations define what they want to achieve.

2. To Reduce Risks – It allows managers to anticipate future problems and prepare solutions in advance.

3. To Ensure Proper Use of Resources – Planning helps avoid waste and ensures resources are used effectively.

4. To Improve Coordination – It unites different departments and individuals toward common goals.

5. To Facilitate Decision-Making – Planning provides guidelines for making consistent and informed decisions.

6. To Promote Efficiency – Well-planned activities save time, effort, and money.

7. To Measure Performance – Plans act as a standard for comparing actual results and

making improvements.