GENERAL KNOWLEDGE

Detailed explanation-1: -Strategic planning is important to an organization because it provides a sense of direction and outlines measurable goals. Strategic planning is a tool that is useful for guiding day-to-day decisions and also for evaluating progress and changing approaches when moving forward.

Detailed explanation-2: -Planning involves setting objectives and stating the ways to achieve them. This clearly defines what the employees have to do, when to do, how to do and for whom to do. Thus, planning provides direction to employees and departments to work in coordination, when they are aware of what is to be done.

Detailed explanation-3: -Planning provides direction by stating in advance how work is to be done planning provides direction for action. It ensures that the objectives of the organisation are clearly stated to the act as a guide to decide what action must be taken.

Detailed explanation-4: -It brings a sense of focus Because a strategic plan establishes a direction for your business to take, it will help it sharpen its focus in order to get there. Strategic planning can therefore help your organization develop the right goals and targets and help everyone focus their efforts into meeting them.

Detailed explanation-5: -Planning is the function of management that involves setting objectives and determining a course of action for achieving those objectives. Planning requires that managers be aware of environmental conditions facing their organization and forecast future conditions.