PLANNING

Planning is the first step for pursuing goals. Whether it is a business organisation, an educational body or even an individual, setting objectives and trying to achieve them is an essential activity. There can be different types of goals with varying degrees of importance and time spans. But, one thing that remain common is devising a plan that is efficient enough to help achieve these goals.

In our personal and professional lives, we would have certain objectives. Planning allows us to convert our target into achievements. it helps us devise a mechanism and chart a course for reaching your goals.

Meaning of Planning

Planning is the process of thinking about the activities required to achieve a desired goal. It involves the creation and maintenance of a plan, such as psychological aspects that require conceptual skills. The planning process:

· Identifies the goals or objectives to be achieved,

· Formulates strategies to achieve them,

· Arranges or creates the means required,

· Implements, directs, and monitors all steps in their proper sequence.

In simple words, planning is nothing but thinking in advance, what is to be done, why it is to be done when it is to be done, how and by whom it is to be done, in order to achieve the goal leading towards success and development.

Objectives of Planning

1. Reduction of Uncertainty.

2. Better Utilization of Resources.

3. Increase Organisational Effectiveness.

4. Reduce the cost of Performance.

5. Concentrate on Objectives.

6.Helps in Co-ordination.

7. Makes Control Effective.

8. Encouragement to Innovation.

9. Enhancement in Efficiency.

10. Timeliness and Coordination.

11. Control and Creativity.

12.Reducing Risk Factor and Improving Performances.