CBSE 2025, Set 3

Question

Explain the following points of importance of 'Planning' function of management:
(i) Planning facilitates decision making.
(ii) Planning reduces overlapping and wasteful activities.
(iii) Planning establishes standards for controlling.

Edvaya · Accepted Answer

The correct answer is Subjective. **(i) Planning facilitates decision making:**
Planning helps the manager to look into the future and make a choice from amongst various alternative courses of action. The manager has to evaluate each alternative and select the most viable proposition. Planning involves setting targets and predicting future conditions, thus helping in taking rational decisions.

**(ii) Planning reduces overlapping and wasteful activities:**
Planning serves as the basis of coordinating the activities and efforts of different divisions, departments, and individuals. Since planning ensures clarity in thought and action, work is carried out smoothly without interruptions, and useless/redundant activities are minimized.

**(iii) Planning establishes standards for controlling:**
Planning provides the goals or standards against which actual performance is measured. By comparing actual performance with the planned standards, managers can know if they have actually been able to attain the goals. If there is a deviation, controlling takes corrective action. Thus, without planning, there can be no controlling.

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Business Studies > Principles And Functions Of Management > Planning

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