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COPY: Importance of Planning in Management

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Questions and Answers

What is one of the key benefits of planning according to the text?

Highlighting purposes for various activities (correct)
Micromanaging employees
Setting short-term goals
Encouraging last-minute decisions

How does planning help in reducing uncertainties according to the text?

By predicting future events accurately
By making provisions to meet unexpected events (correct)
By increasing risks
By creating confusion

What does planning compel a manager to do according to the text?

Encourage random decision-making
Prepare a Blue-print of courses of action (correct)
Neglect organizational goals
Avoid setting objectives

How does planning contribute to organizational order according to the text?

By bringing rationality into the organization (D) Signup and view all the answers

What is one of the outcomes of planning according to the text?

Improved coordination in different departments (C) Signup and view all the answers

Why is planning considered essential for an organization according to the text?

To provide a guide for the organization (D) Signup and view all the answers

What is one of the benefits of planning mentioned in the text?

Encourages employees to show their best (B) Signup and view all the answers

Why is planning considered essential for controlling?

Planned goals provide a basis for controlling (B) Signup and view all the answers

How does planning provide a competitive edge to an enterprise?

By improving the quality of production and resource utilization (D) Signup and view all the answers

What is the relationship between planning and controlling according to the text?

Controlling is the root, and planning is the fruit (D) Signup and view all the answers

How does effective planning contribute to achieving economies in operations?

By ensuring optimum resource utilization and securing economy (C) Signup and view all the answers

What role does planning play in encouraging innovations according to the text?

In planning, managers have opportunities for creative thinking and suggestions for better performance (A) Signup and view all the answers

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