Planning as a managerial function is necessary for?

Question: Planning as a managerial function is necessary for?

Planning is a fundamental managerial function necessary for setting goals, giving direction, tackling uncertainties, minimizing duplication and wasteful activities, supporting innovative ideas, facilitating decision-making, setting standards for controlling functions, and promoting coordination within an organization. It serves as the foundation for all future courses of action and is essential for deciding what tasks need to be done, how they should be done, when, and by whom. Effective planning helps managers anticipate potential problems, allocate resources efficiently, and maintain focus on strategic objectives, ensuring that the organization navigates through the complexities of the business environment successfully.

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