Business Studies, asked by rajc9165, 9 months ago

What is the essence of planning

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Answered by teresasingh521
13

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Answered by Niranjanmanoj198
3

Answer:

Planning is one of the most important project management and time management techniques. Planning is preparing a sequence of action steps to achieve some specific goal. If a person does it effectively, they can reduce much the necessary time and effort of achieving the goal. A plan is like a map.

(i) Planning Provides Directions Planning provides the directions to the efforts of employees. Planning makes clear what employees have to do. how to do etc.

(ii) Planning Reduces the Risk Uncertainty Planning helps the manager to face the uncertainty because planners try to force the future by making some assumptions.

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