MANAGEMENT

Detailed explanation-1: -(iv) Planning promotes innovative ideas: Since planning is the first function of management, new ideas can take the shape of concrete plans. It is the most challenging activity for the management as it guides all future actions leading to growth and prosperity of the business.

Detailed explanation-2: -(i) Planning Provides Directions Planning provides the directions to the efforts of employees. Planning makes clear what employees have to do. how to do etc. (ii) Planning Reduces the Risk Uncertainty Planning helps the manager to face the uncertainty because planners try to force the future by making some assumptions.

Detailed explanation-3: -True. Planning reduces creativity as planning is done by top management.

Detailed explanation-4: -objectIves. The first step in planning is setting objectives. Objectives, therefore, can be said to be the desired future position that the management would like to reach. Objectives are very basic to the organisation and they are defined as ends which the management seeks to achieve by its operations.