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Planning is an essential element of business best practices hence failing to plan is buying a failure. Discuss?

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تم إضافة السؤال من قبل Yahya Bah , Principal & Marketing Consultant , International Community
تاريخ النشر: 2016/07/31
Emmanuel Wamweta
من قبل Emmanuel Wamweta , production supervisor , Tembo Steel Rolling

Communication tool; planning is a very good communication tool especially to stakeholders, banks, publics, intermediaries therefore if a company doesn't have a plan or it doesn't plan well, it can't stand a better chance convencing, attracting & winning over such parties.

Strategic guidence;planning is an essential & necessary requirement in strategic guidence in in turn brings about business success & prosperity, therefore if a company doesn't have a plan or it doesn't plan well, its most likely to experience breakdown, failures, closure or run bankrupt.

Benchmarking; planning is very essential in business benchmarking because its through this framework that actual performance can be measured, assessed, evaluated, compared and reviewed, therefore if such a benchmark doesn't exist, a company is likely to run out of truck, loose its direction & in the end such suffer failure.

Feasibility assessement & re- assessement; planning is very essential in clarifying, focusing & research or project development needs, therefore without a plan  or planning, the company would be lagging behind or static in its operations & performance

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