Explain how planning provides direction and reduces the risk of uncertainty in an organization.
Planning provides a clear direction by setting well-defined objectives, guiding employees on the course of action, and establishing a timeline for achieving the goals. It reduces uncertainty by enabling managers to anticipate future events and challenges, thereby preparing for potential risks. Planning also ensures coordination among different departments, minimizing confusion and ensuring everyone works toward the same goals.
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Welcome to the NCERT Solutions for Class 12 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Extra Questions, Question 8: Explain how planning provides direction and reduces the risk of uncertainty in an organization.....
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