Question

Explain the following points of importance of planning :
(i) Planning provides directions
(ii) Planning reduces overlapping and wasteful activities
(iii) Planning establishes standards for controlling

Hint:

Remember: Planning tells you where to go (Direction), ensures you don't run into each other on the way (Reduces overlap), and checks if you arrived on time (Standards for controlling).

Answer 1

Correct Answer: 3

Step 1: Concept
Importance of Planning.

Step 2: Meaning
Planning is deciding in advance what to do and how to do it. It provides a blueprint for action that helps an organization navigate an uncertain future.

Step 3: Analysis

• Planning provides directions: By stating in advance how work is to be done, planning provides direction for action. It ensures that goals are clearly understood so that all departments and employees know exactly what they must achieve and coordinate their efforts accordingly.

• Planning reduces overlapping and wasteful activities: Since planning integrates the activities of different departments and individuals, it serves as the basis for coordinating efforts. This clarity eliminates confusion, prevents duplication of work, and ensures that resources are used efficiently without wastage.

• Planning establishes standards for controlling: Controlling involves comparing actual performance against pre-determined standards. Planning provides these very standards (goals/targets) against which actual performance is measured, making it possible to identify deviations and take corrective action.


Step 4: Conclusion
Planning acts as the foundational map that guides daily actions, saves resources, and provides the measuring stick for future success.

Final Answer: 1. Provides directions, 2. Reduces wasteful activities, 3. Establishes standards for controlling as explained above.