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Question : Changes and events cannot be eliminated but they can be anticipated and managerial response to them can be developed which importance of planning is highlighted in the above statement?

Option 1: Planning provide direction 

Option 2: Planning reduces overlapping and wasteful activities

Option 3: Planning reduces the risk of uncertainty

Option 4: Planning facilitates decision making


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 11th Jan, 2024

Correct Answer: Planning reduces the risk of uncertainty


Solution : Every day, organisations must deal with numerous uncertainties and unexpected situations. Planning assists managers in dealing with uncertainty because planners attempt to predict the future by making assumptions about the future based on their past experience and scanning of the business environment.
Hence, option 3 is the correct answer.

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