What is a Objectives of Planning

The essential objectives of planning in business organization can be described as follows:

• To bring certainty in future events: Planning provides a proper guidance to an organization how to bring certainty in future events for the achievement of organizational goals. As we know that future is uncertain & risk-oriented. What will occur tomorrow we cannot say with certainty, Hence to avoid these future uncertainties & to bring certainty in future events organization has to make plan.

• To provide specific direction: Planning provides a specific direction for doing various activities in an appropriate manner.

• Forecasting: Forecasting is the essence of planning. The objective of planning is to predict about the future course of events.

• To bring economy in managerial operations: It is an important objective of planning. Planning provides a proper guidance to an organization how to bring economy in all around operations. So that, organisation can easily utilizes all available resources in the best & cheapest way.

• To attain predetermined goals: It is one of the most essential objectives of planning. In fact, in the absence of planning any organization cannot able to achieve its predetermined goals in a proper way.

• To get victory over competitions: Planning provides a proper guidance to an organization how to get victory over market competitions.

Objectives of planning from Management Study online