BENEFITS OF PLANNING PROCESS IN MANAGEMENT SYSTEM

In business world success of an organization depends solely upon it's capability of looking ahead i.e.planning.Good planning needs better thinking by the manager and it can result in the following benefits.
1.Reduces uncertainty
2.Focus on Goals
3.Economical operation
4.Facilitates control
5.Encourages Innovation and creativity
6.Improves Motivation
7.Ensures better Coordination
8.Avoids Random Activity
9.Improves Competitive strength
All the above benefits can be achieved if the correct plan and policies are implemented in the organization.These can be helpful for the benefit of organizational goals.