navbar brand

Question

2 Apr 2023, Sun
  • Applications
    Dictionary
    Quiz
    Converter
  • User Profile
    • image profile

      Hello Guest 👋 !

      Login Register
UI
Namaste, Guest Become a member?
  • Login
  • Register
  • Ask Question
  • Questions

    • Ask Question
    • All Subjects
    • Accountancy
    • Astronomy
    • Biology
    • Business Studies
    • Chemistry
    • Computer
    • Digital Marketing
    • Economics
    • Engineering Aptitude
    • English
    • Entertainment
    • Environment
    • Geography
    • Geology
    • Health
    • History
    • Language
    • Math
    • Nepali
    • Optional Math
    • Physics
    • Population
    • Social Studies
    • Super Natural
    • The Heritage of Words
  • Quick Access

    • Home
    • Questions
    • Profile
  • Exam Capsule

    • All Entrances
    • IOE Entrance
    • SEE Model Set
  • MCQ

    • GK Practice
    • Categories
    • Exam
    • Submit Quiz
  • Articles

    • Essay Contest
    • Latest
    • Health
    • Education
    • Sports
    • Abroad
    • Politics
    • Environment
    • Technology
  • Institutes

    • All Institutes
    • Schools
    • High Schools
    • Colleges
    • Tuition Centers
    • Library
  • Notices

    • Admission Open
    • Result
    • Loksewa
  • Top Topics

    • Electricity
    • Computer Fundamentals
    • Pressure
    • Heat
    • Waves
Toolbox
  • Dictionary
    Dictionary
  • Calculator
    Calculator
Ramos Sapkota
3 years ago Grade -12 (NEB) Business Studies

The needs of planning

What are the needs of planning?

Share My Answer
  • about planning
  • Need of planning
  • what is planning
1

1 Answer

Ramos Sapkota
3 years ago Answer Link Tribhuvan University > Faculty of Humanities and Social Sciences > BCA (Bachelor in Computer Application)

The needs of planning are as follows:

  • Achieve Objective

The plan focuses action in the light of objectives. Planning avoids confusion and misunderstanding and ensures unity of action with the assignment of responsibilities and authority at all levels.

  • Help to Tackle Business Complexity

Running a business in today’s competitive environments, not an easy task. Planning gives proper direction as to how, what, when and by whom the works are to be done. It makes the job of a manager easy and helps to tackle business complexities.

  • Basis of effective control

Planning is basis for effective control. Creative actions of managers require for an organizational goal. Planning is a useful technique for helping managers cope with uncertainty and change by promoting creativity.

  • Minimize the Chance of Business Failure

Planning involves the selection of the most appropriate alternatives and best objectives. Hence, there is the greater possibility of avoiding business failure through sound planning.

  • Best Utilization of Resources

Planning is a must for efficient and effective utilization of the scarce resources by reducing the wastage. Such use of resources can be identified while preparing the plan and selecting the best course of action. Hence the need for planning.

  • Basis for Management Functions

All other managerial activities have no direction in the absence of planning. It is planning which set all management functions towards a move for successfully completing the organizational activities.

1

Comments

Related Questions

  • The limitation of Planning 1

  • The benefits of planning 1

  • Description on the steps involve in the beginning process 1

  • Explanation on the various types of planning 1

  • Positive and negative motivation and need of Maslow's hierarchy theory 1

  • Explanation of the Maslow's Need Hierarchy Theory 1

  • Explanation on different techniques of motivation 1

  • Importance of Motivation 1

  • Explanation on the concept of motivation in Business studies 1

  • Details about roles of supervisor 1

Popular Tags: 7 Days

  • development
  • political change
  • mediterranean climate region
  • winter rainfall
  • compound interest
  • Advantages of saving
  • egg sinks in pure water but floats in the salt solution
  • Cooperative
  • principles
  • functions of Legislature
  • secular
  • secular country
  • secularism
  • secularism in nepal

Upcoming MCQs

MCQ Online Exam

Computer Fundamental Multiple Choice Questions Exam Free

  • 2022-03-20 12:45
  • 60 Mins
  • 12 Enrolled
  • 25 Full Marks
  • 10 Pass Makrs
  • 25 Questions

Search

Quick Links
  • About Us
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
  • Advertise With Us
  • FAQs
Our Products
  • Educational Institutes
  • Question & Answers Community
  • Online Course/Notes
  • Educational Utilities
  • Social Networking
  • Educational Store
Contact Us
Address:
Pryag Pokhari, Lagankhel, Lalitpur Nepal
Email:
[email protected]
Phones:
9745619281 or +977-9840704915

PathshalaNepal.com is a Registered Company of E. Pathshala Pvt Ltd Nepal. Registration number : 289280

© 2020. All right Reversed.E. Pathshala Pvt Ltd