What are the functions of planning?

To make any business successful planning needs to be your first priority. Without successful planning you can only plan for your business to fail. Planning is setting goals and objectives ahead of time so you can have a solid foundation or structure for the future. As Management should understand when you set objectives you must set them into two different categories called qualitative and quantitative. When you set quantitative goals you must go off of how many employees you may need, the numbers of units produced, etc. When you set qualitative goals you are going to look at the quality of the employees (i.e. setting performance goals for your staff, etc).