Advantages of Planning

1. Planning facilitates management by objectives.

   1. Planning begins with determination of objectives.
   2. It highlights the purposes for which various activities are to be undertaken.
   3. In fact, it makes objectives more clear and specific.
   4. Planning helps in focusing the attention of employees on the objectives or goals of enterprise.
   5. Without planning an organization has no guide.
   6. Planning compels manager to prepare a Blue-print of the courses of action to be followed for accomplishment of objectives.
   7. Therefore, planning brings order and rationality into the organization.

    

    

2. Planning minimizes uncertainties.

   1. Business is full of uncertainties.
   2. There are risks of various types due to uncertainties.
   3. Planning helps in reducing uncertainties of future as it involves anticipation of future events.
   4. Although future cannot be predicted with cent percent accuracy but planning helps management to anticipate future and prepare for risks by necessary provisions to meet unexpected turn of events.
   5. Therefore with the help of planning, uncertainties can be forecasted which helps in preparing standbys as a result, uncertainties are minimized to a great extent.

    

    

3. Planning facilitates co-ordination.

   1. Planning revolves around organizational goals.
   2. All activities are directed towards common goals.
   3. There is an integrated effort throughout the enterprise in various departments and groups.
   4. It avoids duplication of efforts. In other words, it leads to better co-ordination.
   5. It helps in finding out problems of work performance and aims at rectifying the same.

    

    

4. Planning improves employee’s moral.

   1. Planning creates an atmosphere of order and discipline in organization.
   2. Employees know in advance what is expected of them and therefore conformity can be achieved easily.
   3. This encourages employees to show their best and also earn reward for the same.
   4. Planning creates a healthy attitude towards work environment which helps in boosting employees moral and efficiency.

    

    

5. Planning helps in achieving economies.

   1. Effective planning secures economy since it leads to orderly allocation ofresources to various operations.
   2. It also facilitates optimum utilization of resources which brings economy in operations.
   3. It also avoids wastage of resources by selecting most appropriate use that will contribute to the objective of enterprise. For example, raw materials can be purchased in bulk and transportation cost can be minimized. At the same time it ensures regular supply for the production department, that is, overall efficiency.

    

    

6. Planning facilitates controlling.

   1. Planning facilitates existence of certain planned goals and standard of performance.
   2. It provides basis of controlling.
   3. We cannot think of an effective system of controlling without existence of well thought out plans.
   4. Planning provides pre-determined goals against which actual performance is compared.
   5. In fact, planning and controlling are the two sides of a same coin. If planning is root, controlling is the fruit.

    

    

7. Planning provides competitive edge.

   1. Planning provides competitive edge to the enterprise over the others which do not have effective planning. This is because of the fact that planning may involve changing in work methods, quality, quantity designs, extension of work, redefining of goals, etc.
   2. With the help of forecasting not only the enterprise secures its future but at the same time it is able to estimate the future motives of it’s competitor which helps in facing future challenges.
   3. Therefore, planning leads to best utilization of possible resources, improves quality of production and thus the competitive strength of the enterprise is improved.

    

    

8. Planning encourages innovations.

   1. In the process of planning, managers have the opportunities of suggesting ways and means of improving performance.
   2. Planning is basically a decision making function which involves creative thinking and imagination that ultimately leads to innovation of methods and operations for growth and prosperity of the enterprise.

Is Your ‘About Us’ Page Effective?

For a small B2B business, the second most important page on its website after its homepage is probably its “About Us” page. That is because smaller companies are typically lesser-known, and would-be customers often see them as a gamble. And unless their prices are considerably low, small businesses can be overlooked in favor of their larger, more-established competitors.

The “About Us” page is a business’s chance to stake its claim as a viable player in the space. To accomplish that successfully, the business needs a powerful and succinct elevator pitch (positioning statement) and supporting key messages. An enormous marketing opportunity is lost when those key elements are missing from the “About Us” page—which is a logical destination for many who have become intrigued by a provider’s product or service offerings.

Winning Formula

A proven, highly effective formula can help you craft the content for your own “About Us” page. It includes the following:

1. A 35-word elevator pitch that tells visitors what type of business you are, what you offer, who you are targeting, what makes you special, and what value you provide
2. Your most differentiating key message about your unique experience, skills, product or service, customer base, etc.
3. Your second most differentiating key message about your unique experience, skills, product or service, customer base, approach or technique, etc.
4. A brief company description explaining who you are, where you’re based, how long you’ve been in business, what your philosophy or business promise is, what the highlights of your experience have been, etc.

Many small businesses—even large ones, for that matter—fall into the trap of including only number four, the brief company description, on their “About Us” pages. That is a big mistake and a prime branding opportunity lost.

Make the most of that precious real estate, and use it to back up the claims and pitch you make on your homepage and to set yourself apart from the competition. When developing that important text, imagine that your homepage and “About Us” page are the only two pages a site visitor will see. That will help you include all of the important differentiation needed for a well-constructed “About Us” page.

How to Determine the Effectiveness of Your “About Us” Page

Once you have drafted your “About Us” page, print it and lay it next to printouts of your competitors’ “About Us” pages. Carefully compare each one as though you were a potential customer. Then, prepare a spreadsheet and display the different vendors’ copy, column by column, starting with your own. If you have substantial text, you may want to take only the first several paragraphs because that is all a potential customer will read anyway.

Then, carefully analyze and dissect each one, vendor by vendor and according to a set of key variables. Please note, however, that most will not be following the winning formula you just learned—positioning statement, key message, key message, company description. Therefore, you may need to hunt around to identify those components.

To conduct your analysis, you need to ask yourself the following four questions. At the end of each item, you will find an italicized word or phrase; those are the variables to place in the rows on your spreadsheet.

1. What main claim of differentiation is the company making? In other words, is the business saying it has the world’s only two-part widget, for example, or is it saying it is the industry’s least-expensive provider? Whatever the company is hanging its hat on is its main differentiator. Call that row “Primary Differentiator” on your spreadsheet.
2. What secondary claims is the company making? So, if the widget company states it has a two-part widget, look for follow-on messages that support that claim. Do that for as many secondary claims or messages you can identify. There may be many, or there may be none. On subsequent rows, label those “Secondary Message 1,” “Secondary Message 2,” and so on.
3. Who is the provider targeting? Said another way, Who is the target buyer? Are they small business owners, large organizations, teenagers? Call that row “Target Buyer” on your spreadsheet. For multiple targets, capture all of them in the same cell of the spreadsheet.
4. What value/benefit is the competitor promising? It could be something as clearly defined as “helping businesses increase operational efficiency.” However, it might be poorly written as an inherent benefit that you must infer. Here is an example: “We are the world’s largest cardboard-box supplier for pizza shops.” The benefit (albeit, not effective at all) would be the ability to supply pizza shops with all the boxes they need. Label those benefits as “Value” on your spreadsheet.

Now that you have a nicely laid-out spreadsheet that compares the content of your “About Us” page with that of your competitors’, conduct an apples-to-apples comparison, variable by variable. By the end, you can determine just how well your page stacks up.

As a final check, put yourself in the shoes of your potential buyer and ask yourself which provider you would choose. If you like your answer, you have an effective page. If you do not like your answer, go back to the drawing board and draft something that makes your business stand out.