• Planning minimizes uncertainties

â€&cen - helps management to anticipate future and prepare for risks by necessary provisions to meet unexpected turn of events

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Planning minimizes uncertainties. a. Business is full of uncertainties. b. There are risks of various types due to uncertainties. c. Planning helps in reducing uncertainties of future as it involves anticipation of future events. d. Although future cannot be predicted with cent percent accuracy but planning
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Unformatted text preview: helps management to anticipate future and prepare for risks by necessary provisions to meet unexpected turn of events. Therefore with the help of planning, uncertainties can be forecasted which helps in preparing standbys as a result, uncertainties are minimized to a great extent....
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This note was uploaded on 11/25/2011 for the course MANAGEMENT mg101 taught by Professor - during the Fall '09 term at Montgomery.

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