{"id":7449,"date":"2019-11-06T11:10:24","date_gmt":"2019-11-06T11:10:24","guid":{"rendered":"\/gb\/en\/blog\/?p=7449"},"modified":"2023-01-16T11:50:14","modified_gmt":"2023-01-16T11:50:14","slug":"planning-in-management","status":"publish","type":"post","link":"\/gb\/en\/blog\/planning-in-management\/","title":{"rendered":"How to Succeed with Planning in Management and Why it is Important"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Strategic planning has always been associated with improved efficiency and sustainable growth. However, the dynamic world and hectic market competition make planning in management essential. Thus, whether you like it or not, the familiar management saying holds true: <\/span><b>If you fail to plan, plan to fail<\/b><span style=\"font-weight: 400;\">.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this article, you will find:\u00a0\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">the definition of planning in management,\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">10 compelling reasons why <\/span><a href=\"\/gb\/en\/blog\/how-to-plan-your-business-communications-strategy\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">planning in management<\/span><\/a><span style=\"font-weight: 400;\"> is so important<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">reasons why some managers fail and others succeed in planning effectively.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">By understanding the key benefits of planning in management, you will be more motivated to devote due time and effort to this part of your role. This will make you and your company enjoy the ultimate outcomes of good planning: efficiency and growth.\u00a0\u00a0<\/span><\/p>\n<h2><strong>Planning in Management\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">To be effective and develop its potential, a company should work towards a desired goal or mission. But how can one know what is relevant to the goal and what\u2019s not?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is what planning is about.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Planning in management is about what steps you need to take to reach the goal, what changes and hurdles to anticipate, and how to utilise <a href=\"https:\/\/peoplemanagingpeople.com\/tools\/hr-software\/\">human resources<\/a> and opportunities to reach the expected outcome. The planning process involves a careful analysis of the current resources and market trends and the prediction of emerging markets and future demand.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In simple terms, <\/span><b>a goal<\/b><span style=\"font-weight: 400;\"> is where your company wants to be at a certain time and <\/span><b>a plan<\/b><span style=\"font-weight: 400;\"> provides directions for how you are going to get there.\u00a0\u00a0<\/span><\/p>\n<p><b>Planning is considered a basic function of management<\/b><span style=\"font-weight: 400;\">. It means that a plan is necessary for any other managerial function, be it organising, directing, staffing, or controlling:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Planning dictates how to effectively <strong>organise<\/strong> a business. It encompasses determining necessary future activities, assigning them to the right personnel, delegating authority, providing tools and raw material, etc. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Having a plan of action facilitates <\/span><b>directing <\/b><span style=\"font-weight: 400;\">as it makes instructions, guidance, and motivation grounded in a <\/span><span style=\"font-weight: 400;\">brand strategy.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Planning informs <\/span><b>staffing<\/b><span style=\"font-weight: 400;\">, as it shows what work-force a company will need.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Establishment of standards and measurement of actual performance \u2013 <\/span><b>controlling <\/b><span style=\"font-weight: 400;\">\u2013 is done against the expectations that planning sets\u00a0\u00a0\u00a0<\/span><\/li>\n<\/ol>\n<p><b>Informal <\/b><span style=\"font-weight: 400;\">planning gives a short term focus, which might be necessary for the business to operate. In an organisation, various units can have their own informal plans. However, if the company wants to grow and reach ambitious goals, the process of planning should be <\/span><b>formal<\/b><span style=\"font-weight: 400;\">, written, specific, and involve common organisational goals.\u00a0<\/span><\/p>\n<p><a class=\"rc-inline-read\" href=\"https:\/\/www.ringcentral.com\/gb\/en\/video.html\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"ctaText\">Get reliable video conferencing for your remote teams<\/span><\/a><\/p>\n<h2><strong>10 Reasons that Make Planning in Management so Important<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Planning is important both for small and medium-sized businesses and large enterprises with complex structures. Here are 10 compelling reasons that prove this:\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-7451\" src=\"\/gb\/en\/blog\/wp-content\/uploads\/2019\/11\/how-to-succeed-with-planning-in-management-1.jpg\" alt=\"How to Succeed with Planning in Management and Why it is Important-229\" width=\"1000\" height=\"700\" srcset=\"\/gb\/en\/blog\/wp-content\/uploads\/2019\/11\/how-to-succeed-with-planning-in-management-1.jpg 1000w, \/gb\/en\/blog\/wp-content\/uploads\/2019\/11\/how-to-succeed-with-planning-in-management-1-300x210.jpg 300w, \/gb\/en\/blog\/wp-content\/uploads\/2019\/11\/how-to-succeed-with-planning-in-management-1-768x538.jpg 768w, \/gb\/en\/blog\/wp-content\/uploads\/2019\/11\/how-to-succeed-with-planning-in-management-1-640x448.jpg 640w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n\t\t<style>\r\n\t\t\t@media (min-width: 768px) {\r\n\t\t\t\t.bottom-cta .bottom-cta-img {\r\n\t\t\t\t\tfloat: left;\r\n\t\t\t\t\twidth: 50%;\r\n\t\t\t\t}\r\n\t\t\t}\r\n\r\n\t\t\t.bottom-cta .bottom-cta-img img {\r\n\t\t\t\twidth: 100%;\r\n\t\t\t}\r\n\r\n\t\t\t.bottom-cta {\r\n\t\t\t\tbackground: #001138;\r\n\t\t\t\tpadding: 30px;\r\n\t\t\t}\r\n\r\n\t\t\t.bottom-cta .bottom-cta-copy {\r\n\t\t\t\tpadding: 0 30px;\r\n\t\t\t\toverflow: hidden;\r\n\t\t\t\tcolor: #fff;\r\n\t\t\t}\r\n\r\n\t\t\t.bottom-cta .bottom-cta-copy .btn-primary {\r\n\t\t\t\twidth: 100%;\r\n\t\t\t}\r\n\t\t<\/style>\r\n\t\t<div class=\"bottom-cta  CID-cta-2FdM5dTp IID-cta-6a09f52b62803\"\r\n\t\t\tdata-dl-custom-type=\"cta\">\r\n\t\t\t<div class=\"bottom-cta-img\">\r\n\t\t\t\t<img decoding=\"async\" src=\"\/gb\/en\/blog\/wp-content\/uploads\/2021\/03\/inflight-magazine-2020.png\" alt=\"Call to action banner\">\r\n\t\t\t<\/div>\r\n\t\t\t<div class=\"bottom-cta-copy\">\r\n\t\t\t\t<span style=\"font-size: 24px; line-height: 30px;\">Start your journey to the cloud today: prepare your business for remote work through cloud communications.<\/span>\r\n\t\t\t\t<span class=\"text-center\" style=\"display: block;\">\r\n\t\t\t\t<a class=\"rc-cta-shortcode btn btn-primary btn-lg\" data-dl-element=\"button\"\r\n\t\t\t\t\tclass=\"btn btn-primary btn-lg\" style=\"margin-top: 16px; font-weight: bold;\"\r\n\t\t\t\t\ttitle=\"Upgrade your communications\" href=\"https:\/\/go.ringcentral.com\/pbx-cld\" target=\"_blank\"\r\n\t\t\t\t\trel=\"noopener noreferrer\" data-dl-additional-info=\"Start your journey to the cloud today: prepare your business for remote work through cloud communications.\"\r\n\t\t\t\t\tdata-dl-name=\"Start your journey to the cloud today: prepare your business for remote work through cloud communications. | Find out how\">Find out how<\/a>\r\n\t\t\t<\/span>\r\n\t\t\t<\/div>\r\n\t\t\t<div class=\"clearfix\"><\/div>\r\n\t\t<\/div>\r\n\t\t\n<h3><strong>1. It Helps to Set the Right Goals<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">While a plan is a course of action towards the realisation of the goal, it also supports <\/span><a href=\"https:\/\/corporatefinanceinstitute.com\/resources\/knowledge\/other\/smart-goal\/l\"><span style=\"font-weight: 400;\">SMART goal setting<\/span><\/a><span style=\"font-weight: 400;\">. In particular, planning helps to critically assess the goal to see if it&#8217;s realistic. It facilitates decision making and allows setting a time frame by predicting when the company can achieve its goal. It also defines how to measure performance against the set goals and whose responsibility it will be.\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<h3><strong>2. It Sets Objectives and Standards for Controlling<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">A primary function of strategic formal planning is providing direction to lower-level managers, allowing the development of tactical goals. Planning shows objectives for each organisational department and helps managers to prioritise activities depending on their relevance to the goal.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Planning also sets the standards for assessing performance. Without such standards, managers wouldn\u2019t be able to intervene and take corrective actions to stay on track, which would also threaten the goal.\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<h3><strong>3. It Reduces Uncertainty<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">The uncertainty of the future puts the great risk on <a href=\"\/gb\/en\/blog\/advanced-sustainability-strategies-for-your-small-business\/\">business sustainability<\/a>, for it is always difficult to manage through change. No organisation can control the economic and competitive environment; thus, the ability to anticipate challenges and have contingency plans in place is the best alternative.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Planning involves an intentional critical evaluation of the available data and experts\u2019 predictions. This makes planning in management very helpful in terms of reducing the uncertainty of the future and avoiding the risks.\u00a0\u00a0<\/span><\/p>\n<h3><strong>4. It Eliminates Overlapping of Wasteful Activities<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Effective planning gives clarity about the responsibilities and expectations of each department, team, and even team member. This helps to make sure that the activities don\u2019t overlap and improves co-ordination.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the same time, it helps to determine which activity is wasteful and does not contribute to reaching the goal. Eliminating such activities will not only reduce wastage and save valuable time and resources but also <\/span><a href=\"https:\/\/colorlib.com\/wp\/free-productivity-tools\/\"><span style=\"font-weight: 400;\">improve productivity<\/span><\/a><span style=\"font-weight: 400;\"> and motivation.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<h3><strong>5. It Ensures Efficient use of Resources<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Planning makes the use of human and material resources <a href=\"https:\/\/hive.com\/blog\/project-management-software\/\">as efficient as possible<\/a>. By starting the management process with a good plan that focuses on the ultimate goal and considers available capabilities, you can see many opportunities to cut expenses.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Without such a plan, it is easy to fall for appealing B2B offers. This can waste organisational resources on the raw materials that the employees cannot process in a due time, expensive robotics, or online software that speeds up only one aspect of the process not affecting the overall result.\u00a0<\/span><\/p>\n<h3><strong>6. It Promotes Innovation<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">If the organisation has a challenging goal on the one hand, and the possibility of hurdles and market change on the other hand, it starts brainstorming creative ideas and solutions. Determining a future course of action is an important function of management. Keeping a focus on the need to reach the goal, employees or management can spot new opportunities for business development, suggest new products or services, or discover new target markets. This way, planning becomes a continuous process that encourages creative strategic thinking and innovation.\u00a0\u00a0<\/span><\/p>\n<style> .u2f8d6ee35d1ab733debdb268bd74fbbe { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #E67E22!important; text-decoration:none; } .u2f8d6ee35d1ab733debdb268bd74fbbe:active, .u2f8d6ee35d1ab733debdb268bd74fbbe:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u2f8d6ee35d1ab733debdb268bd74fbbe { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u2f8d6ee35d1ab733debdb268bd74fbbe .ctaText { font-weight:bold; color:inherit; text-decoration:none; font-size: 16px; } .u2f8d6ee35d1ab733debdb268bd74fbbe .postTitle { color:#2980B9; text-decoration: underline!important; font-size: 16px; } .u2f8d6ee35d1ab733debdb268bd74fbbe:hover .postTitle { text-decoration: underline!important; } <\/style>\n<div style=\"clear: both; margin-top: 0em; margin-bottom: 1em;\">\t\t<style>\r\n\t\t\t@media (min-width: 768px) {\r\n\t\t\t\t.bottom-cta .bottom-cta-img {\r\n\t\t\t\t\tfloat: left;\r\n\t\t\t\t\twidth: 50%;\r\n\t\t\t\t}\r\n\t\t\t}\r\n\r\n\t\t\t.bottom-cta .bottom-cta-img img {\r\n\t\t\t\twidth: 100%;\r\n\t\t\t}\r\n\r\n\t\t\t.bottom-cta {\r\n\t\t\t\tbackground: #001138;\r\n\t\t\t\tpadding: 30px;\r\n\t\t\t}\r\n\r\n\t\t\t.bottom-cta .bottom-cta-copy {\r\n\t\t\t\tpadding: 0 30px;\r\n\t\t\t\toverflow: hidden;\r\n\t\t\t\tcolor: #fff;\r\n\t\t\t}\r\n\r\n\t\t\t.bottom-cta .bottom-cta-copy .btn-primary {\r\n\t\t\t\twidth: 100%;\r\n\t\t\t}\r\n\t\t<\/style>\r\n\t\t<div class=\"bottom-cta  CID-cta-2FdM5dTp IID-cta-6a09f52b6283a\"\r\n\t\t\tdata-dl-custom-type=\"cta\">\r\n\t\t\t<div class=\"bottom-cta-img\">\r\n\t\t\t\t<img decoding=\"async\" src=\"\/gb\/en\/blog\/wp-content\/uploads\/2021\/03\/customer-service-representative-wearing-headset-in-the-office-scaled.jpg\" alt=\"Call to action banner\">\r\n\t\t\t<\/div>\r\n\t\t\t<div class=\"bottom-cta-copy\">\r\n\t\t\t\t<span style=\"font-size: 24px; line-height: 30px;\">Make the right choice for your <a href=\"https:\/\/www.ringcentral.com\/gb\/en\/contact-centre\/overview.html\">contact centre<\/a> \u2013 see how RingCentral can transform your agent and <a href=\"\/gb\/en\/blog\/definitive-guide-customer-experience\/\">customer experience<\/a>.<\/span>\r\n\t\t\t\t<span class=\"text-center\" style=\"display: block;\">\r\n\t\t\t\t<a class=\"rc-cta-shortcode btn btn-primary btn-lg\" data-dl-element=\"button\"\r\n\t\t\t\t\tclass=\"btn btn-primary btn-lg\" style=\"margin-top: 16px; font-weight: bold;\"\r\n\t\t\t\t\ttitle=\"Discover RingCentral Contact Centre\" href=\"https:\/\/www.ringcentral.com\/gb\/en\/for\/uc-cc.html\" target=\"_blank\"\r\n\t\t\t\t\trel=\"noopener noreferrer\" data-dl-additional-info=\"Make the right choice for your contact centre \u2013 see how RingCentral can transform your agent and customer experience.\"\r\n\t\t\t\t\tdata-dl-name=\"Make the right choice for your contact centre \u2013 see how RingCentral can transform your agent and customer experience. | Find out more\">Find out more<\/a>\r\n\t\t\t<\/span>\r\n\t\t\t<\/div>\r\n\t\t\t<div class=\"clearfix\"><\/div>\r\n\t\t<\/div>\r\n\t\t<\/div>\n<h3><strong>7. It Improves Decision Making\u00a0<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Planning improves decision-making processes <\/span><span style=\"font-weight: 400;\">and time management<\/span><span style=\"font-weight: 400;\"> in two ways. First, it helps managers to keep the focus on a goal and thus ask themselves how alternative courses of action might facilitate or delay reach it. Second, the plan allows managers to be more farsighted: having a clear road map, they can think what effect an adopted decision will have on some long-term tasks and activities.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Without such a plan, managers\u2019 decisions may not be strategic but based only on the available data and current situation.\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<h3><strong>8. It Boosts Motivation and Team Spirit\u00a0<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">It is a common fact that people feel more engaged and motivated if they understand the relevance of their work. <\/span><a href=\"\/gb\/en\/blog\/4-steps-planning-productive-meeting\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Planning shows<\/span><\/a><span style=\"font-weight: 400;\"> the link between individual input and a larger goal, which it helps to achieve.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It also shows that each person in the business environment is indispensable to reaching the common goal. This helps to reduce internal competition and nurture community and team spirit. You can use motivational quotes in your pep talks to help enthuse your team.<\/span><\/p>\n<h3><strong>9. It Helps to Earn Credibility and Trust of Stakeholders<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">All managers understand that a solid plan is needed to persuade creditors and investors to help. However, sometimes they forget that the turbulent market environment can drive the need to engage them without planning to do so. Having a formal business plan readily available will have a great impact if you need to find and engage new investors in a short period of time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The availability of clear goals and a formal plan also shows your social responsibility and increases the trust of employees and clients.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\"><strong>10. It Gives a Competitive Edge and Allows Strategic Positioning\u00a0\u00a0<\/strong><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Planning involves getting a realistic view of organisational strengths and weaknesses, as well as revealing the gaps and vulnerabilities of the competitors. Acting upon this data rather than inertly performing the same actions gives a great competitive edge.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What\u2019s more, planning helps to reveal the growing markets and enter them with new products or services earlier than any other competitor, enjoying the <\/span><a href=\"https:\/\/www.investopedia.com\/terms\/f\/firstmover.asp\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">first-mover advantage<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-7452\" src=\"\/gb\/en\/blog\/wp-content\/uploads\/2019\/11\/how-to-succeed-with-planning-in-management-2.jpg\" alt=\"How to Succeed with Planning in Management and Why it is Important-431\" width=\"1000\" height=\"668\" srcset=\"\/gb\/en\/blog\/wp-content\/uploads\/2019\/11\/how-to-succeed-with-planning-in-management-2.jpg 1000w, \/gb\/en\/blog\/wp-content\/uploads\/2019\/11\/how-to-succeed-with-planning-in-management-2-300x200.jpg 300w, \/gb\/en\/blog\/wp-content\/uploads\/2019\/11\/how-to-succeed-with-planning-in-management-2-768x513.jpg 768w, \/gb\/en\/blog\/wp-content\/uploads\/2019\/11\/how-to-succeed-with-planning-in-management-2-640x428.jpg 640w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<h2><strong>Why Some Managers Fail to Plan\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Although planning is a basic function of management, in practice, many managers neglect it. You may think that they don\u2019t need formal types of planning, as they can use their strategic vision and gut instinct to keep the organisation on track even without it. However, this is not true. Here are the key reasons why managers fail to create a strategic plan:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>They underestimate the importance of planning<\/b><span style=\"font-weight: 400;\">. <\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Many managers hold a <\/span><i><span style=\"font-weight: 400;\">get-things-done <\/span><\/i><span style=\"font-weight: 400;\">attitude, failing to stop and analyse the <\/span><i><span style=\"font-weight: 400;\">right<\/span><\/i><span style=\"font-weight: 400;\"> things they need to do. They don\u2019t understand how planning can affect performance and are not willing to change anything.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>They lack time for planning<\/b><span style=\"font-weight: 400;\">. <\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Planning takes a lot of time and managers have <\/span><a href=\"https:\/\/www.chanty.com\/blog\/burden-of-too-many-responsibilities\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">too many responsibilities<\/span><\/a><span style=\"font-weight: 400;\">. As a result, it is common that managers only think about strategic plans at home or when commuting to work. This can result in a failure to plan. Managers should specifically schedule planning. If it is difficult to find time for this role, a manager should delegate more responsibilities and avoid micromanaging.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>They don\u2019t have the necessary knowledge<\/b><span style=\"font-weight: 400;\">. <\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">There are many tools used in planning such as <a href=\"https:\/\/slidemodel.com\/best-swot-analysis-templates-powerpoint\/\">SWOT analysis<\/a>, PESTLE Analysis, VRIO Framework, environmental scanning, resource analysis, etc. If a manager didn\u2019t get good training in management, he\/she may fail to plan effectively and thus see no sense in it. It may also be that they lack experience in certain areas &#8211; creating a marketing plan is very different from operational planning.<br \/>\n<\/span><\/p>\n\t\t<style>\r\n\t\t\t@media (min-width: 768px) {\r\n\t\t\t\t.bottom-cta .bottom-cta-img {\r\n\t\t\t\t\tfloat: left;\r\n\t\t\t\t\twidth: 50%;\r\n\t\t\t\t}\r\n\t\t\t}\r\n\r\n\t\t\t.bottom-cta .bottom-cta-img img {\r\n\t\t\t\twidth: 100%;\r\n\t\t\t}\r\n\r\n\t\t\t.bottom-cta {\r\n\t\t\t\tbackground: #001138;\r\n\t\t\t\tpadding: 30px;\r\n\t\t\t}\r\n\r\n\t\t\t.bottom-cta .bottom-cta-copy {\r\n\t\t\t\tpadding: 0 30px;\r\n\t\t\t\toverflow: hidden;\r\n\t\t\t\tcolor: #fff;\r\n\t\t\t}\r\n\r\n\t\t\t.bottom-cta .bottom-cta-copy .btn-primary {\r\n\t\t\t\twidth: 100%;\r\n\t\t\t}\r\n\t\t<\/style>\r\n\t\t<div class=\"bottom-cta  CID-cta-2FdM5dTp IID-cta-6a09f52b6284d\"\r\n\t\t\tdata-dl-custom-type=\"cta\">\r\n\t\t\t<div class=\"bottom-cta-img\">\r\n\t\t\t\t<img decoding=\"async\" src=\"\/gb\/en\/blog\/wp-content\/uploads\/2021\/01\/importance-of-mvp.png\" alt=\"Call to action banner\">\r\n\t\t\t<\/div>\r\n\t\t\t<div class=\"bottom-cta-copy\">\r\n\t\t\t\t<span style=\"font-size: 24px; line-height: 30px;\">How is the combination of message, video, and phone reshaping the future of work? Read the eBook to find out.<\/span>\r\n\t\t\t\t<span class=\"text-center\" style=\"display: block;\">\r\n\t\t\t\t<a class=\"rc-cta-shortcode btn btn-primary btn-lg\" data-dl-element=\"button\"\r\n\t\t\t\t\tclass=\"btn btn-primary btn-lg\" style=\"margin-top: 16px; font-weight: bold;\"\r\n\t\t\t\t\ttitle=\"Download MVP eBook\" href=\"https:\/\/netstorage.ringcentral.com\/uk\/ebook\/wfh_2_0_importance_of_mvp.pdf\" target=\"_blank\"\r\n\t\t\t\t\trel=\"noopener noreferrer\" data-dl-additional-info=\"How is the combination of message, video, and phone reshaping the future of work? Read the eBook to find out.\"\r\n\t\t\t\t\tdata-dl-name=\"How is the combination of message, video, and phone reshaping the future of work? Read the eBook to find out. | Download your copy\">Download your copy<\/a>\r\n\t\t\t<\/span>\r\n\t\t\t<\/div>\r\n\t\t\t<div class=\"clearfix\"><\/div>\r\n\t\t<\/div>\r\n\t\t\n<ul>\n<li style=\"font-weight: 400;\"><b>They have too much reliance on their experience<\/b><span style=\"font-weight: 400;\">. <\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Some managers might have succeeded with an absence of planning, leading them to think that planning is just a waste of time. They attribute success to their own abilities rather than favourable conditions.\u00a0\u00a0\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>They lack self-discipline<\/b><span style=\"font-weight: 400;\">. <\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Setting and pursuing goals, either personal or organisational requires dedication and discipline. Often, managers need to develop their personal strengths and skills for effective planning in management.\u00a0\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>They lack meaningful objectives and goals<\/b><span style=\"font-weight: 400;\">. <\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Sometimes, managers avoid planning because there is no goal that will engage or motivate them to do so. This often happens with companies that operate without any mission statement.\u00a0\u00a0<\/span><\/p>\n<h2><strong>5 Factors to Successful Strategic Planning\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">If you understand the importance of planning in management and want to grasp all the benefits of this function, consider the following <\/span><b>5 factors that determine the effectiveness of planning<\/b><span style=\"font-weight: 400;\">.\u00a0\u00a0\u00a0<\/span><\/p>\n<h3><strong>1. Engagement\u00a0<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Although planning is a managerial function, it should not be done by one person behind a closed door. On the contrary, it is the task of a manager to make planning a collaborative and inclusive process. Make your employees feel engaged in the process of planning, and they will be eager to commit to the plan and take on shared responsibility for its realisation. They might even have innovative ideas you would otherwise have missed. \u00a0\u00a0\u00a0<\/span><\/p>\n<h3><strong>2. Data, not assumptions\u00a0\u00a0<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">We all hold assumptions about businesses and markets, but they are not necessarily true. Basing your plan on assumptions is a grave mistake that overrides all the advantages of proper planning. It is important to do market research, host focus groups, talk to one\u2019s own employees, consult market experts &#8211; gain any information that will help to base decisions on data rather than assumptions.\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<h3><strong>3. Communication<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">It is important to clearly communicate the desired results and the strategic plan to the employees. Nurture open communication encouraging everyone to give feedback and suggest improvements to the plan. Note that some benefits of planning, such as innovation in particular, depend on how eager employees are to voice their ideas and whether they feel heard and appreciated for giving them.\u00a0\u00a0<\/span><\/p>\n<h3><strong>4. Culture of growth<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">A true focus on improving efficiency and growth can be maintained only in a <a href=\"https:\/\/www.bamboohr.com\/blog\/how-to-improve-company-culture\/\">culture that values efficiency<\/a> and growth. Work to create such a culture in your organisation. If you help your employees to learn and develop their skills, appreciate and reward personal achievements, employees will be more willing to commit to ambitious goals and demanding plans.\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<h3><strong>5. Commitment to change\u00a0<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Effective planning requires letting go of outdated processes, revision of strategies, innovation, hiring and firing. All this means change, which is difficult to manage. Still, to truly benefit from the advantages of planning, a manager should be ready to go beyond the cosmetic changes and face the possible resentment of the team. In this respect, planning in management is a function that requires much courage and commitment.\u00a0\u00a0\u00a0<\/span><\/p>\n<h2><strong>Concluding Thoughts\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Effective strategic planning will help to create a formal yet actionable document guiding priorities and day-to-day activities of your organisation. It requires much knowledge and effort, but the benefits of planning in business management make them fully justified and can eventually allow you to <\/span><a href=\"https:\/\/www.chanty.com\/blog\/ways-to-become-a-better-manager\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">become a better manager<\/span><\/a><span style=\"font-weight: 400;\">. In particular, planning will help you set the right goals, reduce future uncertainties, achieve efficient use of human and material resources, engage employees, and much more.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you understand the importance of planning, you should be ready to work on your personal qualities, professional skills, and organisational culture to succeed with effective planning. Last but not least, you should be ready to change: you cannot get different results unless you try different approaches.\u00a0\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Author bio<\/span><\/i><i><span style=\"font-weight: 400;\">: Nataly Havrysh is a marketing manager at <\/span><\/i><a href=\"https:\/\/www.chanty.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Chanty<\/span><\/a><i><span style=\"font-weight: 400;\">. Nataly is an editor and content writer thrilled about researching topics in sociology, psychology, personal growth, modern IT trends, management, and internet marketing. An active mom passionate about her work, Nataly is a pro in personal time management.<\/span><\/i><\/p>\n\t\t<div class=\"uc-expo-cta-2 style-4  CID-cta-2FdM5dTp\"\r\n\t\t\tdata-dl-custom-type=\"ctaButton\">\r\n\t\t\t<div class=\"inner-container\">\r\n\t\t\t\t<div class=\"text\">\r\n\t\t\t\t\t<span>Start your journey to the cloud today and see your business take flight!<\/span>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t<div class=\"button\">\r\n\t\t\t\t\t<span class=\"\">\r\n\t\t\t\t\t\t<a class=\"rc-cta-shortcode btn btn-primary btn-lg\" data-dl-element=\"button\"\r\n\t\t\t\t\t\t\tclass=\"btn btn-primary btn-lg\" href=\"https:\/\/go.ringcentral.com\/pbx-cld\"\r\n\t\t\t\t\t\t\tdata-dl-additional-info=\"Start your journey to the cloud today and see your business take flight!\"\r\n\t\t\t\t\t\t\tdata-dl-name=\"Start your journey to the cloud today and see your business take flight! | Find out more\" target=\"_blank\"\r\n\t\t\t\t\t\t\trel=\"noopener\" title=\"Upgrade your communications\">Find out more<\/a>\r\n\t\t\t\t\t<\/span>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t<div class=\"clearfix\"><\/div>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t\t\n","protected":false},"excerpt":{"rendered":"<p>Strategic planning has always been associated with improved efficiency and sustainable growth. However, the dynamic world and hectic market competition make planning in management essential. Thus, whether you like it &hellip; <a href=\"\/gb\/en\/blog\/planning-in-management\/\" class=\"more-link\">Read more<span class=\"screen-reader-text\"> &#8220;How to Succeed with Planning in Management and Why it is Important&#8221;<\/span><\/a><\/p>\n","protected":false},"author":244,"featured_media":7450,"comment_status":"open","ping_status":"closed","sticky":false,"template":"single-blog-series.php","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Succeed with Planning in Management and Why it is Important | RingCentral UK Blog<\/title>\n<meta name=\"description\" content=\"Strategic planning has always been associated with improved efficiency. 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