Introduction
This term paper on the importance of planning and control in an organization intends to highlight the broad concept of planning and control, to indicate their importance and to introduce some approaches and techniques in accomplishing them.
Planning rests upon the belief that the future of an entity can be enhanced by continuous Management action which presuppose that an entity can move successfully in terms of its decision objectives because of planned management decision (to implement the faced forward concept. However, it can’t if there were no planned intervention by the management.
Planning is very important in an organization because it is the stage at which managers set objectives that determine the organization activities in the near future.
In today’s increasingly complex organization, Institution alone can no longer be relied upon as a means for decision making. This is one of the reasons planning becomes important. By providing a more rational, fact-based procedure for making decisions, planning allows managers and organizations to minimize risk and uncertainty.
…