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Question : 13
Total: 13
Explain the following as importance of planning function of management:
(i) Planning reduces overlapping and wasteful activities; and
(ii) Planning reduces the risk of uncertainty.
(i) Planning reduces overlapping and wasteful activities; and
(ii) Planning reduces the risk of uncertainty.
Solution:
Importance of Plaining:
(i) Planning reduces overlapping and wasteful activities: Planning serves as the basis of coordinating the activities and efforts of different divisions departments and individuals. It reduces useless and redundant activities, avoids confusion 'and misunderstanding, and ensures clarity in thought and action. Planning evaluates the alternative uses of the available and prospective resources of the business and makes their must appropriate use. Planning is an activity which permits a manager to look forward and predict changes. By determining in prior the tasks to be completed, planning notes the way to deal with changes and unpredictable effects.
(ii) Planning reduces the risk of uncertainty: Planning is an activity, which enables a manager to look ahead and anticipate changes. Changes or events cannot be eliminated but by deciding the plans and course of action in advance managers can anticipate it and adjust the plans according to the situation. It assists in avoiding chaos and confusion. Since, planning guarantees precision in understanding and action, work is conducted on easily without delays. Planning helps the manager to face the uncertainty because planners try to force the future by making some assumptions. The plans are made to over come uncertainties.
(i) Planning reduces overlapping and wasteful activities: Planning serves as the basis of coordinating the activities and efforts of different divisions departments and individuals. It reduces useless and redundant activities, avoids confusion 'and misunderstanding, and ensures clarity in thought and action. Planning evaluates the alternative uses of the available and prospective resources of the business and makes their must appropriate use. Planning is an activity which permits a manager to look forward and predict changes. By determining in prior the tasks to be completed, planning notes the way to deal with changes and unpredictable effects.
(ii) Planning reduces the risk of uncertainty: Planning is an activity, which enables a manager to look ahead and anticipate changes. Changes or events cannot be eliminated but by deciding the plans and course of action in advance managers can anticipate it and adjust the plans according to the situation. It assists in avoiding chaos and confusion. Since, planning guarantees precision in understanding and action, work is conducted on easily without delays. Planning helps the manager to face the uncertainty because planners try to force the future by making some assumptions. The plans are made to over come uncertainties.
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