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Planning enables a manager to look ahead and anticipate changes. Identify, which benefit of planning is highlighted here?
- a)Planning reduces uncertainties
- b)Planning reduces uncertaintie
- c)Planning is cost effective
- d)None of the above
Correct answer is option 'A'. Can you explain this answer?
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Planning enables a manager to look ahead and anticipate changes. Ident...
Planning reduces the risk of uncertainty. By deciding in advance, planning shows the way to deal with changes and uncertain events. Such changes, when anticipated can be handled in an effective manner to reduce uncertainties.
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Planning enables a manager to look ahead and anticipate changes. Ident...
Benefit of planning highlighted in the scenario:
Planning reduces uncertainties.
Explanation:
Therefore, the benefit of planning highlighted in the scenario is that it reduces uncertainties.
Planning reduces uncertainties.
Explanation:
- Planning is a process of setting goals, developing strategies, and outlining tasks to achieve those goals.
- One of the main benefits of planning is that it enables a manager to look ahead and anticipate changes.
- By doing so, managers can reduce uncertainties related to future events or situations.
- With a well-crafted plan, managers can be better prepared to face unexpected events or changes in the market conditions.
- For instance, a company that has a contingency plan in place can better manage unforeseen disruptions such as natural disasters, economic recessions, or pandemics.
- Moreover, planning helps managers to identify potential risks and develop mitigation strategies to prevent or minimize the impact of those risks.
- By reducing uncertainties, planning can also help managers to make informed decisions, allocate resources effectively, and enhance the overall performance of the organization.
Therefore, the benefit of planning highlighted in the scenario is that it reduces uncertainties.
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Planning enables a manager to look ahead and anticipate changes. Identify, which benefit of planning is highlighted here?a)Planning reduces uncertaintiesb)Planning reduces uncertaintiec)Planning is cost effectived)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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