Importance of Planning

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We all have dreams of finding fame and fortune and winning the respect and admiration of others. To make our dream come true, we need to set specific, measurable goals with realistic, achievable deadlines. The same is true in any developing economy. Goals are important for at least four reasons 1. GOALS PROVIDE A SENSE OF DIRECTION. Without a goal, the managers of a developing economy tend to muddle along, reacting to environmental changes without a …

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…taking a hard look at the whys and wherefores of economic growth -- past, present, and future. The key, however, is to take a well-crafted plan to the next level: implementation. No matter how strong the supporting statistics, clear the vision, and logical the means, nothing will be accomplished without getting to work and making it happen. This includes legislators, business and community leaders, and every other citizen of the developing nations. Planning is crucial!