importance of planning
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Explanation:
The main advantages of planning are as follows:
Planning increases the efficiency of an organization.
It reduces the risks involved in modern business activities.
It facilitates proper coordination within an organization.
It aids in organizing all available resources.
It gives a right direction to the organization.
It is important to maintain good control.
It helps to achieve the objectives of the organization.
It motivates the personnel of an organization.
It encourages managers' creativity and innovation.
It also helps in decision-making.
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Decision making, roadmap, co-ordination, organisation
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