1. What is the meaning of effective planning?
Planning serves as one of the vital organisation and management functions. The achievement of any successful organisation depends on how well it is capable to plan. The manager of every organisation has different responsibilities like the sales manager should plan how to raise their sales, the logistics manager plans how the material can reach to consumers on time, and more. A plan is said to be successful if it is effective and goal-oriented. Monitoring and assessment systems are a crucial step in making the plan successful. It helps in the effective implementation of planning and further guide for the modification of the initial plan to achieve the goals. People in any organisation should be well-informed about the strategies, objectives, goals, and policies to implement an effective plan.