"Planning is an Activity which enables a manager to llok ahead and anticipate changes. " Identify the point of Importance of Planning.

Planning reduces the risk of uncertainty

The correct answer is option (1) : Planning reduces the risk of uncertainty

Planning provides directions :

• Planning assures that the objectives are certainly asserted so that they serve as a model for determining what action should be taken and in which direction. If objects are well established, employees are informed of what the company has to do and what they need do to accomplish those purposes.

Planning decreases the chances of risk:

• Planning is an activity which permits a manager to look forward and predict changes. By determining in prior the tasks to be completed, planning notes the way to deal with changes and unpredictable effects.

Planning decreases overlapping and wasteful activities :

• Planning works as the foundation of organising the activities and purposes of distinct branches, departments, and people. It assists in avoiding chaos and confusion. Since planning guarantees precision in understanding and action, work is conducted on easily without delays.

Planning encourages innovative ideas:

• Since it is the primary function of management, new approaches can take the form of actual plans. It is the most challenging project for the management as it leads all planned actions pointing to growth and of the business.

Planning aids decision making :

•It encourages the manager to look into the future and make a decision from amongst several alternative plans of action. The manager has to assess each option and pick the most viable plan.