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Objectives of planning

Objectives of Planning in Management, The essential objectives of planning in business organization can be described as follows, management study online MSO

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Objectives of planning

  1. 1. Objectives of Planning Presentation By Management Study Online (MSO)
  2. 2. The essential objectives can be described as follows: • To bring certainty in future events • To provide specific direction • Forecasting • To bring economy in managerial operations • To attain predetermined goals • To get victory over competitions
  3. 3. 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.
  4. 4. To provide specific direction • Planning provides a specific direction for doing various activities in an appropriate manner.
  5. 5. 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, organization can easily utilizes all available resources in the best & cheapest way.
  6. 6. Forecasting • Forecasting is the essence of planning. The objective of planning is to predict about the future course of events
  7. 7. 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.
  8. 8. To get victory over competitions • Planning provides a proper guidance to an organization how to get victory over market competitions.
  9. 9. http://www.managementstudyonline.in/ You are free to use these Presentations for your personal and business presentations. Don’t do this.  Resell or distribute these Presentations.  Put these Presentations. on a website for download. This includes uploading them onto file sharing networks like Slideshare, Myspace, Facebook, bit torrent etc  Pass off any of our created content as your own work
  10. 10. http://www.managementstudyonline.in/ You are free to use these Presentations for your personal and business presentations. Don’t do this.  Resell or distribute these Presentations.  Put these Presentations. on a website for download. This includes uploading them onto file sharing networks like Slideshare, Myspace, Facebook, bit torrent etc  Pass off any of our created content as your own work

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