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.