‘Planning is beneficial to all’. Explain in brief any four benefit

1.	‘Planning is beneficial to all’. Explain in brief any four benefits of planning function of management.
Answer» (a) Makes objectives clear and specific. The planning exercise makes the goals clear and specific because it begins with the determination of objectives. (b) Provides directions. Due to planning, employees and managers know how their activities relate to organizational goals. Everyone is conscious of his own contribution towards achievement of organizational goals. In this way, (c) Reduces the risks of uncertainty. Planning helps to reduce the risks associated with uncertainties. In the process of planning, attempt is made to look into the future and predict it. Planning helps to identify potential dangers and overcome the adverse effects to a large extent. (d) Facilitates decision-making by managers. Planned targets are indicators on the basis of which alternative courses of action are considered without planning, decisions may lead to undesirable results.

‘Planning is beneficial to all’. Explain in brief any four benefits of planning function of management.

Answer»

(a) Makes objectives clear and specific. The planning exercise makes the goals clear and specific because it begins with the determination of objectives.

(b) Provides directions. Due to planning, employees and managers know how their activities relate to organizational goals. Everyone is conscious of his own contribution towards achievement of organizational goals. In this way,

(c) Reduces the risks of uncertainty. Planning helps to reduce the risks associated with uncertainties. In the process of planning, attempt is made to look into the future and predict it. Planning helps to identify potential dangers and overcome the adverse effects to a large extent.

(d) Facilitates decision-making by managers. Planned targets are indicators on the basis of which alternative courses of action are considered without planning, decisions may lead to undesirable results.

‘Planning is beneficial to all’. Explain in brief any four benefits of planning function of management.

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