Why do managers plan?

Aim: why do managers plan? 

Experiences and knowledge of the company operations will have them use a combination of frontal and informal planning. Effective managers will encourage employee participation and feedback. 

1. Good suggestions can come from anyone.
2. Employees have a better understanding of the company direction. 
3. Employees feel they are apart of the process and become more committed. 
4. Positive participation improves morals (How you feel.) and loyalty.

Formal planning- A systematic study of an issue and the preparation of a written document to deal with the problem. 

• Short-Range- up to one yrs 
• Intermediate- 1 to 3 yrs 
• Long range- 3 to 5 yrs (can be as much as 20) 
• Peritoneal- short range planning it focuses on specific ideas and dealing with specific functions.
• Strategies- Long range- done by the highest measurement.