The Importance of Planning and Programs Development

Planning is a necessary function that allows managers to see the bigger picture. It is a prerequisite to other managerial tasks that are fundamental to the job like organizing staffing, planning, and leading. Many managers aren’t involved in the planning process and don’t reap the benefits. This could be due to a deficiency in training or the tendency to not be involved with this function.

Improved Decision Making

A plan requires management to take into consideration the consequences of their choices. This is because a strategy sets specific goals they hope to attain and assists them in assessing the potential advantages or risks of every decision they make. It also helps them keep an eye on the long-term effects of their decisions, such as what kind of investment they make today will impact the growth of the company in three years.

Productivity Increased

A well-defined plan allows people to break down complicated tasks into manageable chunks which allows them to be completed in a lesser amount of time. This helps them use their time more efficiently and decreases the chance of miscommunication.

A plan also helps an organization to identify its strengths and weaknesses in the market, enabling it to exploit expanding markets before competitors take advantage of this opportunity, gaining an advantage in the first mover category. A well-organized and precise plan can also provide a framework for project work and help ensure that the responsibilities are assigned effectively and that the successful completion of key milestones is tracked actively.