The main objectives of planning are as follows:

● Planning increases the efficiency of an organization.

● It reduces the risk factors in modern business activities.

● It facilitates proper coordination within an organization.

● It aids in organizing all available resources.

● It provides the right direction to the organization.

● It identifies future opportunities and threats.

● It is important to maintain good control.

● It helps to fulfill the objective of the organization.

● It motivates the personnel of an organization.

● It encourages managers’ creativity and innovation.

● It also helps in decision-making.