Which of the following are the importance of Planning?
(A) Planning provides direction
(B) Planning reduces overlapping and wasteful activities
(C) Planning promotes innovative ideas
(D) Planning reduces the risk of certainty
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → (A), (B) and (C) only
(D) Planning reduces the risk of certainty → Incorrect. Planning actually reduces the risk of uncertainty, not certainty. Certainty has no risk.
-
(A) Planning provides direction → True. It guides managers and employees by clearly stating objectives and the path to achieve them.
-
(B) Planning reduces overlapping and wasteful activities → True. Coordination through planning avoids duplication of efforts.
-
(C) Planning promotes innovative ideas → True. While planning, managers think in advance and may come up with new and creative ways of doing things.