1.00 Indian rupee ₹ Importance and limitations of business plan Mumbai

Published date: October 21, 2020
Views: 3
  • Location: Mumbai, Mumbai, Maharashtra, India

Importance and limitations of business plan
Just like management is continuous activity in the same way o needs continuers updates and planning as the business moves on we need to adjust as per the situation arrives. We can say that business planning is one of the most important factors of management. It also sets up the arena for all upcoming functions of management like organizing, directing etc. We will understand the perception of business planning (BBGV211020)
● We know that business planning or planning means in planning we decide what has to be done in future and we can say it decides what has to be done in future in order to achieve what the organisation or business wants to be.
● So we can say that business planning helps to set the objective of the business and it develops a plan of action to achieve the desired results. Once the planning is done it becomes clear what is expected from the people working in an organization like manager and worker they get the clear picture of what is expected from them and what has to be done to achieve the desired objective.

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