This verse tells us that Pharaoh and his advisors thought Joseph's plan for managing Egypt's food supply was a great idea. They were all in agreement that it would work well.
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Imagine you and your friends all agreeing that a plan to save up cookies for a rainy day is a good idea. That's what happened here with Pharaoh and his helpers—they all thought Joseph's plan was smart.
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The book of Genesis was written by Moses around 1440-1400 BC. It records the story of Joseph and his dreams, which were significant for the Egyptians. The cultural setting was one of ancient Egyptian monarchy and governance.
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In modern times, when a group of people face a problem and find a good solution that everyone agrees on, it can lead to positive outcomes. Like a city council agreeing on a plan to improve public transportation.