Briefly discuss the folio wing significance of planning

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Briefly discuss the folio wing significance of planning.

(i) Planning establishes standards for controlling.

(ii) Planning promotes innovative ideas.

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  1. The three points of importance of planning are
    (i) Planning establishes standards for controlling Planning involves setting up of objectives, which act as the standards against which actual performance is measured
    This helps in finding deviations and taking corrective action in the controlling process
    (ii) Planning promotes innovative ideas Planning is an intellectual process, which involves finding better ideas and methods to perform an activity. Thus, it helps in promoting innovative ideas
    (iii) Planning provides direction By stating in advance how work is to be donc planning provides direction for action. It reduces aimless activity and makes action more meaningful