Objectives of Planning?

Objectives 

Forward Bearing: 

Planning provides specific forward momentum to all the activities in the organization by chalking out the future working procedure. 

Forecast’s the Course: 

The most important ingredient of planning is forecasting. This is basically plan development as per policies and requirement of the organization. 

Assured Activities: 

Planning drafts the policies, working procedure and decides controlling process for the activities in an organization so that confidence level increases in employees & management regarding the accomplishment of predefined goals. 

Helps in Establishing Co-ordination: 

Planning is the forefront initiator in any organization regarding coordination. This coordinates all the departments and also policies, procedures, objectives, etc. in business or industrial unit. 

Forecast’s the Risk:

 Principles of Management Planning forecasts the future threats, therefore technical strategies are most often planned and decided in advance to overcome the inconsistency or tackle the problems successfully. 

Develops in Facing Competition: 

Assists and develops the organization to face competitions of all sorts and in all aspects. This strategic process is part of the objectives of planning.

Present Important Information’s: 

Planning makes available adequate information and communicates it to the employees in the organization as well as presents a positive picture of organization, its policies, functioning and results to the outside world. 

Managing Budgetary Targets:

Budgetary Targets are executed & achieved as per the planning. It is a helping hand in planned budget utilization.