Planning is an important aspect of management

Planning is an important aspect of management. It is important for organizations to plan both strategically and operationally to succeed. The process of budgeting also entails a planning element and is often incorporated into strategic and operational planning processes. 

How does the planning function help organizations succeed? Provide clear examples to support your main arguments where planning has led to success, or poor planning has led to failure. You may choose a specific planning process if you’d prefer, such as strategic planning.