'Planning involves setting targets and predicting future conditions, thus helping in taking rational decisions.'
Which importance of planning is highlighted in the above statement?
Answer & explanation
Correct answer: option 3
The correct answer is option 3- Planning facilitates decision making.
Planning facilitates decision making is highlighted in the given statement.
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.