Principles of Management - DB Assignment #2

Running Head : Pre-Planning For an Enterprise

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Importance of Pre-Planning For an Enterprise

Planning for the future is essential even when an entrepreneur is not sure of what he intends to do in the next few days . Planning involves developing the objectives and goals of an enterprise . Planning is essential in that it helps an entrepreneur gain a sense of direction of where he or she wants to be in a particular period of time and also facilitates the decision making process . Planning is

described as bringing or fitting the future in contemporary time and trying to make it better . This in turn motivates a manager and also the employees to work towards attaining these particular goals . It is has been noted that 80 of tasks carried out without prior planning ends up yielding less than 20 results while the reverse is true for planned activities Pre planning for the future events is also vital in that it helps in clarifying and prioritizing events and activities . This is important in helping an entrepreneur assess the resources required to accomplish a task and thus adequately prepare (Jain , n . d

Another important aspect of planning is that it helps a manager get organized in the way he or she performs tasks . Disorganization often leads to resources wastage or duplication of tasks . Pre planning for activities before hand is thus essential in attaining efficiency in an organization or an enterprise . Planning also assigns a time frame for events that...