Bitcoin Forum

Economy => Economics => Topic started by: Iroh on October 30, 2022, 05:34:13 PM



Title: Planning
Post by: Iroh on October 30, 2022, 05:34:13 PM
Planning is a very important tool and a very essential managerial function. It’s no wonder it’s there amongst the managerial functions and the first function at that.
Planning as an activity never ends and is very important in the management circles as well as in our everyday lives.

Wikipedia defines planning as “the process of thinking regarding the activities required to achieve a desired goal”.

I would define planning as the process in which goals are set, thoughts and actions on how best to achieve the set goals are deliberated upon, the best course of action is chosen and then comes how best to implement the chosen course of action effectively and efficiently.

Planning cannot be said to be overrated as planning is essential in both the workplace and the home. Also very essential in the running and management of a business organization.

Here are some of the benefits of planning in the workplace.
1. Planning facilitates control: Control, also being a management function is essential and very important in an organization and a good plan helps keep everything and everyone running optimally

2. Planning helps solve foreseeable problems: With planning, problems that would be likely to arise during the course of the business year would be prepared for, easily avoided or solved with ease

3. Planning facilitates creativity and innovation in employees: With planning, thoughts and ideas are brought forward and the best is chosen. This would awaken creativity and innovation in employees that are tasked with bringing up ideas

4. Efficient use of resources: Planning helps ensure that scarce valuable resources(both human and material) are efficiently and optimally, thus eliminating waste.

5. Planning brings about commitment: Employees following a good and well structured plan would be committed to the job in order to help achieve the organizational goal.

As with benefits, there are also some cons to planning.
1. Rigidity: A plan can be said not to be flexible but rigid and this could be disastrous as employees in the workplace might feel bound to follow the laid down plan even if they know it might not work

2. Unforeseen problems: Unforeseen problems that may arise may very well not be handled effectively cause these problems weren’t foreseen and weren’t planned for.

3. Control: Control can also be said to be a disadvantage of planning. While a certain level of control is needed in the workplace, some employees may frown at being controlled and some perform better unsupervised or in a less controlled environment.

4. An effective and efficient plan can very well be time and cost consuming.

On a personal note; planning is more advantageous as it’s an essential process that we must all indulge in for if we fail to plan, we’ve already planned to fail.


Title: Re: Planning
Post by: Fivestar4everMVP on October 30, 2022, 07:51:05 PM
Yeah, Planning is as essential as life itself, for life is indeed meaningless without planning ...
Yogi Berra said “If you don’t know where you are going, you’ll end up someplace else.”
John F. Kennedy said  “The time to repair the roof is when the sun is shining.” which to me simply means, best time to plan is when you are alive, because a dead man can not and has no plan.
For Richard Cushing said “Always plan ahead. It wasn’t raining when Noah built the ark.” this simply tells us we dont have to wait for the future we want before we start planning for it, the planning is how we successfully step into our future.


Title: Re: Planning
Post by: 2stout on October 30, 2022, 08:50:13 PM
It just as simple as the old saying we have all heard at some point, including those before us, and it still rings ever true:  Failing to plan= Planning to fail.  It is an inverse relationship.


Title: Re: Planning
Post by: odunybiz on October 30, 2022, 11:58:28 PM
For things to work out well for us in life, one definitely need to plan ahead. This is one of the secret to be successful.


Title: Re: Planning
Post by: KingsDen on October 31, 2022, 12:50:03 AM
I never knew the essence of planning until I became a programmer this year.
Most times I will glue to my computer trying codes that won't work and the computer will not say "hey guy" you are coding rubbish. They computer will allow me to exhaust all my strength and patience.
But when I take a walk off my computer to see the greenish environment, an idea will come. I will then begin writing down the ideas as a plan, in the planning there will be bonus of alternative ideas.
After the walk, I'll face my computer again, it is then i'll realise how stupid I was minutes ago I was struggling with the codes. It was then I knew planning was the difference.

Now, I don't write a line of code without planning.


Title: Re: Planning
Post by: Majestic-milf on October 31, 2022, 12:57:19 AM
Yeah, the importance of planning before taking action cannot be over stated because without an effective laid down thinking process, our intended goals would just be mere wishes.
 We all have pursuits in life but these become more realistic when there is a well thought-out plan.
 
According to Abraham Lincoln, planning gives you a sense of direction and it plays a key role on how well a project will end up.
In his quote -"Give me six hours to chop down a tree and I will spend four hours sharpening the axe".- for me explains the necessity of planning.


Title: Re: Planning
Post by: CageMabok on October 31, 2022, 03:04:17 AM
It just as simple as the old saying we have all heard at some point, including those before us, and it still rings ever true:  Failing to plan= Planning to fail.  It is an inverse relationship.
I'm a little confused with the saying you say, even though it's an old saying. But I had never heard that saying before, because I assumed that if a person fails to plan something for himself, he is not actually planning himself to fail. It's just that maybe a person is too negligent in his life that he meets failure at something.

For things to work out well for us in life, one definitely need to plan ahead. This is one of the secret to be successful.
Making a plan to get success is very important in everyone's life, because it is a very needed part of life if one wants to be successful in the future. So it is very important to make every necessary step as the initial stage to be achieved to achieve success in a shorter time.


Title: Re: Planning
Post by: gantez on October 31, 2022, 08:58:24 AM

 if we fail to plan, we’ve already planned to fail.

This is the word that I was hoping to introduce to your topic and it is true that if you don't plan it means you have on the other part planned yourself for the failure coming in future to the inability to plan. This is a philosopher saying that you hear in motivational seminar speaking or public lecture on planning for the future. People plan for the future that is yet to come by investing in different areas of life. Buying of houses, land properties are very good for the future. Some people are hodling high value cryptocurrency like bitcoin, this is a good planning for the future. It is helpful to save and saving is part of planning. You need to plan for the future because not to do that is disaster waiting, the reason for the word not planning is planning to fail.


Title: Re: Planning
Post by: Bitstar_coin on October 31, 2022, 10:09:21 AM
I never knew the essence of planning until I became a programmer this year.
Most times I will glue to my computer trying codes that won't work and the computer will not say "hey guy" you are coding rubbish. They computer will allow me to exhaust all my strength and patience.
But when I take a walk off my computer to see the greenish environment, an idea will come. I will then begin writing down the ideas as a plan, in the planning there will be bonus of alternative ideas.
After the walk, I'll face my computer again, it is then i'll realise how stupid I was minutes ago I was struggling with the codes. It was then I knew planning was the difference.

Now, I don't write a line of code without planning.

I guess your story goes with the popular saying - "all work but no play makes jack a dull boy". It was clear you were spending too much time on your computer without yielding any results and especially not giving yourself a break to think things through, have good thoughts, and build a plan around that idea.
It is always good to have a plan, it makes achieving our aim much easier.


Title: Re: Planning
Post by: YinShuiSiYuan on October 31, 2022, 10:25:46 AM
One cannot achieve anything and do anything without planning, either its your life or your work place or any vacation or outing you plan for every small and big thing in life that's how our life is . We plan for our studies, we plan for our career ,we plan to do any business, we plan to go on some vacation, we plan for family , so we plan for everything which is good for yourself . A messy and unplanned environment is not appreciated by anyone , your organization defines you that how much composed and proper you are in life.


Title: Re: Planning
Post by: naira on October 31, 2022, 11:44:15 AM
Idealism and when idealists do not achieve what was planned from the start always end in frustration. In fact, the principle of implementing the plan as detailed as possible always forgets the reality. Because every planning sometimes creates a dilemma when the situation in the middle of the road distracts. I know how ideal a well-planned thing is to do something for future prospects. We are still individuals who are not tied to interactions with the environment. And environmental factors should make you have a plan B. Don't focus on 1 plan that is considered successful but the evidence never materialized.

Believe what you can do today then do it with all your heart. Complete it perfectly and regarding long-term planning should have many options.


Title: Re: Planning
Post by: Zlantann on October 31, 2022, 12:09:16 PM
It just as simple as the old saying we have all heard at some point, including those before us, and it still rings ever true:  Failing to plan= Planning to fail.  It is an inverse relationship.

The world currently is now filled with uncertainties that planning seems to be a waste of time and resources. We have recently experienced hyper inflation, high rate of unemployment and high cost of goods and services. Most businesses that have carryout viable plans are closing up because the uncertainties of this world is becoming uncontrollable.

Regardless of these challenges, it is very important to plan because it helps us to control what we can and adapt to what we cannot. It is also important that we become dynamic or receptive to change. That is why it is important to have a shot term plan that can be reviewed base on the current realities.   


Title: Re: Planning
Post by: Frankolala on October 31, 2022, 03:39:56 PM
Whatever we want to do in life to be successful must be planned properly, If you fail to plan it means you will get trap at the middle of whatever goal you are trying to achieve. Some persons plans are failing because they don't have a proper back up for their plans. Plans is life itself because I don't see anyone that will just wake up without planning on what to do. In business that is why there is a business plan that gives details on everything about running the business successfully.


Although some plans do fail because of some unstable natural challenges facing the goal target. When planning you have to  also make an alternative plan for back up should in case the first plan didn't work. If you have plan A on how to catch a lion,you have to also make plan B of what if the lion catches you,so that you might be at


Title: Re: Planning
Post by: Fortify on November 01, 2022, 09:47:36 PM
Planning is a very important tool and a very essential managerial function. It’s no wonder it’s there amongst the managerial functions and the first function at that.
Planning as an activity never ends and is very important in the management circles as well as in our everyday lives.

Wikipedia defines planning as “the process of thinking regarding the activities required to achieve a desired goal”.

I would define planning as the process in which goals are set, thoughts and actions on how best to achieve the set goals are deliberated upon, the best course of action is chosen and then comes how best to implement the chosen course of action effectively and efficiently.

Planning cannot be said to be overrated as planning is essential in both the workplace and the home. Also very essential in the running and management of a business organization.

On a personal note; planning is more advantageous as it’s an essential process that we must all indulge in for if we fail to plan, we’ve already planned to fail.

As you progress through life you really see the benefits of planning in advance with many things and you'll often find it is a trait that the wisest people use to their advantage in many ways. Just take holidays for example, those people who strategically do research and purchase many months ahead of time will naturally find the most favorable pricing, as those who leave it to the last minute will pay a premium as the remainder are often in high demand the closer the date gets. It applies to many other areas of life, such as Christmas shopping too - if you buy earlier then you can pick up presents for cheaper and there is also higher availability before all the best gifts disappear.


Title: Re: Planning
Post by: Hydrogen on November 01, 2022, 11:53:53 PM
Books on financial planning should be required reading in standard school curriculum. If only for the frightening and eye opening statistics:

Quote

Financial Planning Statistics – Highlights

  • Only about 30% of American households have any kind of long-term savings or financial plan.
  • 20% of Americans don’t save any amount of their yearly income – at all.
  • 42% of Americans have less than $10,000 saved for retirement.


Knowing basic statistics could be the incentive people need to get motivated to learn about finance.

Which would lead to positive life changes and better decisions which would elevate average quality of life.

Looking at the above stats it may not be difficult to see why many were so excited about new developments like BTC.

People need strong long term HODL assets in a very big way.


Title: Re: Planning
Post by: Smartprofit on November 02, 2022, 09:58:36 AM
Books on financial planning should be required reading in standard school curriculum. If only for the frightening and eye opening statistics:

Quote

Financial Planning Statistics – Highlights

  • Only about 30% of American households have any kind of long-term savings or financial plan.
  • 20% of Americans don’t save any amount of their yearly income – at all.
  • 42% of Americans have less than $10,000 saved for retirement.


Knowing basic statistics could be the incentive people need to get motivated to learn about finance.

Which would lead to positive life changes and better decisions which would elevate average quality of life.

Looking at the above stats it may not be difficult to see why many were so excited about new developments like BTC.

People need strong long term HODL assets in a very big way.

Planning does not make sense if a person does not have desires, ideas and dreams. 

It is always wise to start the planning process by identifying your true desires.  In this regard, it is advisable to write down your dreams in a diary.  In a dream, a person communicates directly with his subconscious, that is, with himself. 

You also need to meditate, draw mental maps and communicate a lot with other people.  This will reveal your true dreams.

At the next stage, you can already set life goals and build ways to achieve them (tasks, subtasks, etc.).  This is what is called planning.


Title: Re: Planning
Post by: Rockstarguy on November 02, 2022, 10:32:52 AM
Good things comes by planing, things don't just happen on it own without planning. Sometimes planning for something good can take lot of time. Planning is needs consistency to make a better result. To become wealthy or financially buoyant, it is being achieved by planning .planning means more commitment,  sacrifice,  value time. Every good plans , that we work towards it always yield good results. Some people makes plans but they don't work towards it. Real plans that always come to pass occurs by working.


Title: Re: Planning
Post by: Reid on November 02, 2022, 01:14:36 PM
Or sometimes it doesn't go as planned but it ended up good. It's a very important part of life or else it will become a living hell without a path you are trying to follow. Most of my young years I just live by the day, but as I grow older, there is this frightening future that surrounded me and that is where I thought of something to avoid that.
It's everywhere.
From food to time management, to work, trading crypto, investments, even making love to your wife should be planned.  ;D


Title: Re: Planning
Post by: Dickiy on November 02, 2022, 02:12:39 PM
Yes, the plan is the initial capital to step up and make decisions because planning is a process. the planning process is a rational sequence in the preparation of plans and the process has properties that can be adjusted to the objectives, can be adapted to existing limitations, can be developed according to certain techniques and needs. therefore planning is always the first order in management science.
if I quote Muslims they always say "Innamal A'malu Bin Niyyat" which means all actions depend on how the intention (planning). therefore planning becomes a benchmark for achieving the level of effectiveness and efficiency of the company's operations.
especially if you have a large enough organization, of course, requires very careful and effective planning to manage your company in the future.


Title: Re: Planning
Post by: Bananington on November 02, 2022, 03:59:04 PM
On a personal note; planning is more advantageous as it’s an essential process that we must all indulge in for if we fail to plan, we’ve already planned to fail.
Four things,
It is possible to be making plans that will be wrong or not work out. Making a plan does not mean that your action is in the right direction.

If you are bad at making plans, find people who can make plans for you, or follow the blueprint of another persons plan that you see will be good for you too.

Your plans can fail, always have a PLAN B, and if PLAN B fails, have a PLAN C.

Don't tell people your plans.



Title: Re: Planning
Post by: Cryptomiles1 on November 02, 2022, 04:19:55 PM
Human are full of planning and all day living required a total planning and working on, whatever you does as a man or living being depends on total planning and it's a paramount thing in live which we can escape from it. Any man or woman who fails to working with planning is then planning to fails both in all areas of our livihood, to succeed in all our day to day activities are of planning.


Title: Re: Planning
Post by: kapalmabur on November 02, 2022, 05:50:05 PM
Human are full of planning and all day living required a total planning and working on, whatever you does as a man or living being depends on total planning and it's a paramount thing in live which we can escape from it. Any man or woman who fails to working with planning is then planning to fails both in all areas of our livihood, to succeed in all our day to day activities are of planning.
Planning is indeed an important part before doing anything and sometimes people ignore it,
when we make a plan also make sure we know what to do,
at least with that plan you can minimize the risk and I think that's the important thing


Title: Re: Planning
Post by: Iroh on November 02, 2022, 07:19:19 PM
Human are full of planning and all day living required a total planning and working on, whatever you does as a man or living being depends on total planning and it's a paramount thing in live which we can escape from it. Any man or woman who fails to working with planning is then planning to fails both in all areas of our livihood, to succeed in all our day to day activities are of planning.
Planning is indeed an important part before doing anything and sometimes people ignore it,
when we make a plan also make sure we know what to do,
at least with that plan you can minimize the risk and I think that's the important thing

You’re right. With a plan, an individual could minimize the risk of failure. Having a plan for doing something doesn’t necessarily mean It would work out fine. It means your chances of success is much higher.
Planning helps us to be focused in the task at hand and that gives us an edge over a task not planned and prepared for.


Title: Re: Planning
Post by: aylabadia05 on November 04, 2022, 03:22:39 PM
On a personal note; planning is more advantageous as it’s an essential process that we must all indulge in for if we fail to plan, we’ve already planned to fail.
Planning is the engine fuel in moving the car to go where it wants to go.

There are two planning frameworks in achieving goals;

  • Strategic Plan: This is about policy.
  • Work Plan: More on the interpretation of indicators in the annual implementation that has been included in the policies to be achieved.

When a leader's main policy is for public health, the activities carried out must lead to the achievement of the main policy targets. If the target is not achieved, then changes will be made.

This is what I understand about failing to plan the same as planning to fail.


Title: Re: Planning
Post by: cozytrade on November 04, 2022, 03:42:32 PM
Bad planning is better than no plan at all. Sometimes we tried to do various work without any proper planning. We jump into it and think about making progress along the way. Most of the time it ends up a failure or some unwanted circumstance arrive. So making a plan for working strategy, goal, timeline and required resources is vital for a successful project.


Title: Re: Planning
Post by: BigBos on November 04, 2022, 04:17:20 PM
Planning is indeed very important before deciding anything to act, as its function is to consider the good and bad as well as the effectiveness and efficiency of the actions to be taken. but we also have to weigh the pros and cons of planning by having clear goals, a logical or reasonable plan, there is a unified plan, clear and simple so that taking planning to achieve goals has a high percentage of success and minimal risk of failure.
and don't forget we have to prepare a second plan or commonly called plan B to anticipate when plan A fails.


Title: Re: Planning
Post by: bitzizzix on November 04, 2022, 04:53:54 PM
We must have short term and long term plans, because humans who don't set goals in life will never achieve anything, and if we don't plan for success then basically we have planned failure.

and we also have to remember because we can only plan but God is still the one who decides, and whatever happens must be for the best, satisfied or not, the point is never give up before what you plan what will happen later. And if the plan works, it's your luck, and if it doesn't, maybe God's plan is so much better.


Title: Re: Planning
Post by: RockBell on November 04, 2022, 09:09:26 PM
Plan ahead for a day set aside for a special occasion. Goal-setting is essential for success in life. It affects both the home and the workplace. I appreciate the op's statement that it reduces the likelihood of unforeseen issues. The majority of individuals don't manage their days, thus the most crucial thing is that we constantly plan, even financially. Planning also helps us stay organized.


Title: Re: Planning
Post by: Oilacris on November 04, 2022, 10:23:27 PM
Plan ahead for a day set aside for a special occasion. Goal-setting is essential for success in life. It affects both the home and the workplace. I appreciate the op's statement that it reduces the likelihood of unforeseen issues. The majority of individuals don't manage their days, thus the most crucial thing is that we constantly plan, even financially. Planning also helps us stay organized.
Everything should really be according to plan but lets do make out some exemptions on possible alterations when it comes to schedule specially on some events which you do really need to make

some changes but always stick into your plan.Be productive as much as possible and everything would be according into your preference.There might be some times which it cant really be followed or be

done but you could easily make out some adjustments basing up to that.Planning is totally needed or really important rather than on living on a life without
having plans or directions on lots of things.There's soo much difference in between.


Title: Re: Planning
Post by: Rengga Jati on November 04, 2022, 11:08:44 PM
On a personal note; planning is more advantageous as it’s an essential process that we must all indulge in for if we fail to plan, we’ve already planned to fail.
Indeed, planning is the basis of anything. But, what kind of planning do we have? There are also several things that can influence whether a plan will be real and proven or not.
- Well planning will not be the same with the sudden plan
- There must be plans B, C, and so on to anticipate the failure of plan A
- Planning will run very well on the track if completed with good preparation, process, evaluation, and also actions
- Planning will be still a plan if we don't start to take action
- Planning will not work at all if we are failed to make the plan

And when we have thought about planning to fail, exactly this will fail, because sometimes, what we think will influence what will happen to us. Never plan to fail, because failure will always exist even without planning. Always make second, third, and other plans to anticipate failure, with this, we will be gonna be okay even if our first planning failed but never failed twice in the same thing. The recession that may happen later will be hard for us, but we must face it. Before this happens, make your best planning sets, and never plan to fail


Title: Re: Planning
Post by: TheGreatPython on November 05, 2022, 02:58:05 PM
We must have short term and long term plans, because humans who don't set goals in life will never achieve anything, and if we don't plan for success then basically we have planned failure.

and we also have to remember because we can only plan but God is still the one who decides, and whatever happens must be for the best, satisfied or not, the point is never give up before what you plan what will happen later. And if the plan works, it's your luck, and if it doesn't, maybe God's plan is so much better.
But, there must be people who have plans and yet they are struggling to achieve it. It can be that they lack of knowledge and resources. I feel bad about those people. There is no need to plan failure but failures can easily be obtained and even if someone already have a detailed plan, failures can still come to them. It's inevitable but it shouldn't stop us from trying again.

Many successful people have failed many times before they get to the place they have now. God planned and created everything in this world but our actions will still matter the most. One can pray for good health and wealth but if they didn't take actions to make that happen, god cant possibly give it to them.


Title: Re: Planning
Post by: 2stout on November 06, 2022, 10:46:55 PM
It just as simple as the old saying we have all heard at some point, including those before us, and it still rings ever true:  Failing to plan= Planning to fail.  It is an inverse relationship.
I'm a little confused with the saying you say, even though it's an old saying. But I had never heard that saying before, because I assumed that if a person fails to plan something for himself, he is not actually planning himself to fail. It's just that maybe a person is too negligent in his life that he meets failure at something.
It's just a way of saying that if you don't plan that de facto or by default you are "planning" to fail.  Basically, the absence of a plan is the equivalent of having an actual plan to fail.