HSC Commerce 12th Board ExamMaharashtra State Board
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Planning Has Vital Importance in the Management Process. - HSC Commerce 12th Board Exam - Organisation of Commerce and Management

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Question

Planning has vital importance in the management process.

Solution

This statement is True

 

  1. Planning is the most basic or primary function of management. It precedes other functions because a manager plans before he acts.

 

  1. Planning involves determining the objectives and selecting a course of action to achieve them.

 

  1. Planning enables an organisation to cope with uncertainty and change the identity threats and opportunities. It provides sense of direction as all human efforts are directed to achieve goals.

 

  1. Planning encourages innovation and creativity which are must for the growth and development of business.

 

  1. It helps in interrelating all the activities and resources of an organisation as activities and efforts of various departments and divisions can be co – ordinated and harmonized with the help of overall plan. 
  Is there an error in this question or solution?

APPEARS IN

 2013-2014 (October) (with solutions)
Question 4.1 | 5.00 marks
 2013-2014 (March) (with solutions)
Question 4.1 | 5.00 marks
Solution Planning Has Vital Importance in the Management Process. Concept: Management Functions.
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