Saturday, March 10, 2007

Why managers in an organization have to plan?

Q. 5 reasons why managers in an organization have to plan?

1. To anticipate future performance so as to prepare oneself and the resources one controls.
2. To set intermediate performance goals to guide actions and measure progress towards the anticipated performance.
3. To agree future performance goals with members of one's own team/organization to co-ordinate effort.
4. To build alignment with other managers, about the collective future performance and the total resource requirements.
5. To demonstrate performance expectations and progress toward them to other stakeholders, e.g board/investors, customers.

(Plans are just that and what actually happens can be quite different. The most responsive organizations deal very effectively with deviations and adjust expectations accordingly.)

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