Question

planning reduces risk of uncertainty.how?

Answer 1

Planning reduces the risk of uncertainity: → By guiding an organization in the right direction, it accredits its managers to analyse and anticipate changes. This leads to a reduction in uncertainty of the foreseen events. Planning shows how to deal with situations which may arise in the due course of management, though it does not fully eliminate the problems.

Answer 2

Answer:

Planning is a human technique which is associated to secure one’s future. Our future is always unknown and mysterious. Thus, planning helps one to prepare and face the realities that comes up in the future. Right planning can lead to a smooth life.

Explanation:

• Planning provides direction: Planning gives a direction on how, when and what to do in a particular situation. Human beings always think of the aftereffects of every event and therefore, right plans can lead to a smooth and easy life.

• Planning reduces risk: Our life is always uncertain. We never know what will happen tomorrow. Thus, planning always helps to foresee the future and act wisely so that it reduces the effect of the risk. That is why we always see a fire extinguisher in every building and organization so as to reduce the risk and damage caused once it catches fire.

• Every stage of life is underlined by certain plannings. Parents plan many things foreseeing the future of their children. Children brings up their own plans as they grew. One plan many things before starting a business or new venture. All these plannings are made to minimize the risk of our uncertain life. Thus, planning is very important for a peaceful and contended life.