'Planning is certainly important as it tells us where to go, it provid

1.	'Planning is certainly important as it tells us where to go, it provides direction and reduces the risk of uncertainly by preparing forecasts. This statement enumerates some of the points highlighting the importance of planning. State any three points of importance of planning not mentioned in the statement.
Answer» Importance of Planning: (i) Planning reduces overlaping and wasteful activities by co-ordinating the activities of different divisions. (ii) Planning promotes innovative ideas requiring application of mind and foresight. (iii) Planning facilitates decision making by making a choice from among the alternative courses of action. (iv) Planning establishes standards against which actual performance is measured.

'Planning is certainly important as it tells us where to go, it provides direction and reduces the risk of uncertainly by preparing forecasts. This statement enumerates some of the points highlighting the importance of planning. State any three points of importance of planning not mentioned in the statement.

Answer»

Importance of Planning:

(i) Planning reduces overlaping and wasteful activities by co-ordinating the activities of different divisions.

(ii) Planning promotes innovative ideas requiring application of mind and foresight.

(iii) Planning facilitates decision making by making a choice from among the alternative courses of action.

(iv) Planning establishes standards against which actual performance is measured.