Question

Explain the following points of importance of planning: (i) Planning reduces overlapping and wasteful activities (ii) Planning reduces the risks of…

Accepted Answer

Importance of Planning: (i) Planning reduces overlapping and wasteful activities: ▪ Planning serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals. This helps in avoiding confusion and misunderstanding. ▪ Since planning ensures clarity in thought and action, work is carried on smoothly without interruptions. (ii) Planning reduces the risks of uncertainty: ▪ Planning is an activity which enables a manager to look ahead and anticipate changes. ▪ By deciding in advance the tasks to be performed, planning shows the way to deal with changes and uncertain events. Changes or events cannot be eliminated but they can be anticipated and managerial responses to them can be developed. (iii) Planning provides directions: ▪ Planning ensures that the goals or objectives are clearly stated so that they act as a guide for deciding what action should be taken and in which direction. ▪ If goals are well defined, employees are aware of what the organisation has to do and what they must do to achieve those goals. Or Q (b). Explain the following features of planning: (i) Planning is futuristic (ii) Planning is pervasive (iii) Planning focuses on achieving objectives Features of Planning: (i) Planning is futuristic: ▪ Planning involves looking ahead and preparing for the future. ▪ Planning is forward-looking function based on forecasting, future events and conditions are anticipated and plans are drawn accordingly. (ii) Planning is pervasive: ▪ Planning is required at all levels of management as well as in all departments of the organisation. ▪ The scope of planning differs at different levels and among different departments. (iii) Planning focuses on achieving objectives: ▪ Specific goals of organisations are set out in the plans along with the activities to be undertaken to achieve the goals. ▪ Planning has no meaning unless it contributes to the achievement of predetermined organisational goals.

Explain the following points of importance of planning :
(i)
Planning reduces overlapping and wasteful activities
(ii)
Planning reduces the risks of uncertainty
(iii)
Planning provides directions

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