+2 votes
in Class 12 by kratos

BLUEJAY company is making plans for the future growth. Planning its deciding in advance what to do and how to do. It is one of the basic managerial function. It involves setting objectives and developing appropriate courses of action to achieve these objectives. Its importance has link with some important values. What are those ones?

1 Answer

+1 vote
by kratos
 
Best answer

(a) Planning states in advance how work is to be done. Thus planning provides direction for action. If there was no planning, employees would be working in different directions and the organization would not be able to achieve its desired goals.

(b) Risks of uncertainty are avoided through better planning.

(c) It promotes innovations a here new ideas can take the shape of concrete plans.

(d) It facilitates decision making as the manager has to evaluate each alternative and select the most viable proposition.

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