CBSE 2025, BS Set 1

Question

Explain the following points of importance of **'Planning'** function of management:

(i) Planning provides direction.

(ii) Planning reduces the risk of uncertainty.

Edvaya · Accepted Answer

The correct answer is Subjective. **(i) Planning provides direction:** Planning provides a clear **direction** for action. By stating in advance how work is to be done, planning ensures that goals or objectives are clearly articulated so that they serve as a guide for deciding what actions should be taken and in which direction. Without planning, employees would work randomly, in different directions, making coordinated effort toward organizational goals impossible. It unifies effort and focuses everyone on the common objective. **(ii) Planning reduces the risks of uncertainty:** Planning is a forward-looking activity that enables managers to anticipate future changes. By identifying and analyzing possible future conditions, planning helps managers prepare and **decide in advance** how to deal with changes and uncertain events. Although planning cannot eliminate uncertainty entirely, it significantly reduces its adverse impact by providing a prepared response to foreseeable challenges.

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Business Studies > Principles And Functions Of Management > Planning

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