This article focuses on the impact of planning on today's business society. The need for planning is often obvious and after the fact. This article examines the importance of planning in an organization and the important role it plays in success in today's business world. The functions of organizing, staffing, directing and controlling arise from the planning function (Higgins, 1994). Today's managers are often willing to organize and hire staff only once goals and plans to achieve those goals are in place. Often, planning provides the objectives and standards that implement the control function. Planning is important at all levels of management. There are several levels in business planning today: Vision – Non-specific direction and motivational direction for the entire organization. Top managers normally provide a vision of the company. This is the most emotional of the four levels. Mission – The purpose of an organization. He is interested in the scope of the business and how it differs from similar businesses. Objective - Objective is improving...