Planning refers to the advanced decision of what to do and how to do it. This is the basic managerial function before doing some thinking. Planning has a very important role in the business. The leader decides on the object and then formulates an idea of how to work on the particular task. This is why planning is closely connected to innovation and creativity. Planning is a tool that creates the bridge between where we are and where we want to reach. Planning is done at every stage of business. It requires taking a lot of decisions because businesses have a lot of choices and alternatives for reaching the desired goals.