MANAGEMENT

BUISENESS MANAGEMENT

BUSINESS PLANNING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Planning can eliminate changes or events.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -False. Planning anticipates uncertainties, not eliminates them. However, it helps to reduce the risk of uncertainties.

Detailed explanation-2: -By deciding in advance the tasks to be performed, planning shows the way to deal with changes and uncertain events. Changes or events cannot be eliminated but they can be anticipated and managerial responses to them can be developed.

Detailed explanation-3: -Planning helps the manager to face the uncertainty because planners try to foresee the future by making some assumptions regarding future keeping in mind their past experiences and scanning of business environments. The plans are made to overcome such uncertainties.

Detailed explanation-4: -By matching planning processes to problem characteristics, planning offers a chance to overcome, or at least reduce, uncertainty.

Detailed explanation-5: -It helps in avoiding confusion and misunderstanding. Since planning ensures clarity in thought and action work is carried on smoothly without interruptions. ii Planning reduces creativity: Planning is an activity which is done by the top management. Usually the rest of the members just implement these plans.

There is 1 question to complete.