Read the following statements and choose the correct option.

Assertion: Planning bridges the distance between the present and future of an enterprise.
Reasoning:. Planning includes setting goals and and developing appropriate courses of action to achieve those goals.

Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.

The correct answer is option 1 i.e. Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.

Both Assertion (A) and reasoning (R) are correct, and R is the correct explanation of A. The reasoning correctly explains that planning involves setting goals and developing appropriate courses of action, which indeed bridges the distance between the present and future of an enterprise.

Planning is closely connected with creativity and innovation. But the manager would first have to set objectives, only then will a manager know where he has to go. Planning seeks to bridge the gap between where we are and where we want to go. Planning is what managers at all levels do. It requires taking decisions since it involves making a choice from alternative courses of action. Planning, thus, involves setting objectives and developing appropriate courses of action to achieve these objectives. Objectives provide direction for all managerial decisions and actions. Planning provides a rational approach for achieving predetermined objectives.