Business Studies, asked by darpanamudgal, 8 months ago

It is an intellectual process of logical thinking and rational decision making.​

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Answered by Shaizakincsem
0

Planning is an intellectual process of logical thinking and rational decision-making.

Why planning is an intellectual process?

  • Making decisions amongst alternatives involves a multi-step process called rational decision-making. When making rational decisions, logic, objectivity, and analysis take precedence over subjectivity and understanding. In this context, the word "rational" does not mean sane or clear-headed as it does in everyday speech.

  • The act of planning requires imaginative thinking, good judgment, and creative thinking. It involves rotational thinking rather than just pure speculation. Only a manager with excellent judgment, foresight, and imagination can create sound strategies.

  • The antithesis of intuitive decision-making is rational decision-making. It follows a precise process that makes use of logic and objective knowledge.

  • It entails determining the issue to be resolved, acquiring information, finding options and consequences, analyzing them, taking into account all the relationships, and choosing the best option.

Learn more about planning and intellectual process:

1. Planning is an intellectual process. (State with reason whether the given statement is true or false)

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2. Conscious thought processes and intellectual functions originate in the

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