What are the purpose of planning in an organization?

Question

principle of management

Answer 1

planning is very important thingin business scenario. it helps us to know how to be ther in a market, how to improvise our business, and also a gud plan can say the future..

A plan is an important aspect of business. It serves the following three critical functions: Helps management to clarify, focus, and research their business's or project's development and prospects. Provides a considered and logical framework within which a business can develop and pursue business strategies over the next three to five years