Business Planning Meaning

The detailed plans made keep in mind the needs of all the departments.This ensures that all the departments are on the same page about the plan and that all their activities are coordinated.While making a plan takes creativity after that managers blindly follow the plan.

Once the planning function is complete and the action plan is set, then the manager tends to only follow the plan.

The manager may not be in a position to change the plan according to circumstances.

Or the manager may be unwilling to change the plan.

This sort of rigidity is not ideal for an organization.

Planning requires innovation, creativity and multi-tasking from the managers.

And planning is a function that managers of all levels must perform, i.e upper, middle and lower management.

It actually states in advance what and how the work is to be done.

This helps provide the workers and the managers with a sense of direction, a guidance in a way.

So the managers have to be creative, perceptive and innovative.

In business planning the goals of the organization have been set, an action plan developed and even predictions have been made for future events.

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Comments Business Planning Meaning

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