Question

Explain the following points of importance of the 'Planning' function of management: (i) Planning reduces overlapping and wasteful activities. (ii)…

Accepted Answer

(a) (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 promotes innovative ideas. Planning promotes innovative ideas as new ideas can take the • shape of concrete plans. It is the most challenging activity for the management as it guides all future actions leading to growth and prosperity of the business. OR • (i) Planning is a primary function of management. Planning lays down the base for other managerial functions which are performed within the framework of the plans drawn. • 19 Planning precedes other functions which is also referred to as primacy of planning. • (ii) Planning is pervasive Planning is required at all levels of management as well as in all • the departments of the organization. Scope of planning differs at different levels (top, middle and lower) and among different departments.

Explain the following points of importance of the
'Planning' function of management :
(i)
Planning reduces overlapping and wasteful activities.
(ii)
Planning promotes innovative ideas.

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