explain planning as vital managerial process
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Planning puts focus on objectives:
Objectives provide a direction and all planning decisions are directed towards achievement of these objectives. Plans continuously reinforce the importance of these objectives by focusing on them. This ensures maximum utility of managerial time and efforts.
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Planning helps in the process of decision making:
It also helps managers to make routine decisions about current activities since the objectives, plans, policies; schedules and so on are clearly laid down.
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