NEED,IMPORTANCE AND ADVANTAGES OF PLANNING
Planning is valuable due to the following reasons:
1. Basis of Success
Planning is the foundation of successful operation of any organization. Montgomery sums up that "Successful planning - i.e., a clear explanation of goals, determination of methods to move towards them and a review of progress-is the keynote of achievement in an organization."
2. Keystone management function
Planning is without doubt the keystone management functions because all other functions are required to carry out the decisions of planning. Planning purpose distinguishes 'managers' from 'non-managers'.