Entrepreneurship Development and Communication Skills (1+1)

6.1.6 Advantages of Planning

(i)  Planning facilitates management by objectives.

(ii) Planning minimizes uncertainties.

(iii) Planning facilitates co-ordination.

(iv) Planning improves employee’s moral.

(v) Planning helps in achieving economies.

(vi) Planning facilitates controlling. 

(vii) Planning provides competitive edge.

(viii) Planning encourages innovations.