define planning ? state any four point of importantamce of planning
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Planing is the fundamental management function, which involves deciding beforehand, what is to be done, when is it to be done, how it is to be done and who is going to do it. ... Planning helps to forecast these business-related risks.
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It is an intellectual process which lays down organisation's objectives and develops various courses of action, by which the organisation can achieve those objectives. It chalks out exactly, how to attain a specific goal. Importance of Planning: ... Planning helps to forecast these business-related risks.
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