GK
BUSINESS MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Provides guidance for making decisions.
|
|
|
Helps to determine if progress is being made.
|
|
|
Helps managers communicate and coordinate activities.
|
|
|
All of the responses.
|
Detailed explanation-1: -Which of the following is a benefit that managers receive from planning? Provides guidance for making decisions, helps to determine if progress is being made, and helps managers communicate and coordinate activities.
Detailed explanation-2: -If you are considering starting a business, a Business Plan can help you to check the viability of a business before investing too much time or money in it. It also provides insight on steps to be taken, resources required for achieving your business goals and a timeline of anticipated results.
Detailed explanation-3: -Ensures clarity in thought and action.
Detailed explanation-4: -Planning helps managers determine where resources are most needed so they can be allocated where they will provide the most benefit. Plans provide motivation and commitment. People are not motivated when they do not have clear goals and do not know what is expected of them.
Detailed explanation-5: -Planning reduces uncertainty by forcing managers to look ahead, anticipate change, consider the impact of change, and develop appropriate responses. 3. Planning establishes goals or standards that are used in controlling.