Question

Planning is:

• A. Necessary
• B. Unnecessary
• C. Wastage of time
• D. Wastage of money

Hint:

“Failing to plan is planning to fail.” — Planning ensures preparedness, coordination, and efficiency in all management activities.

Answer 1

The Correct Option is A

Step 1: Understanding the importance of planning.
Planning is one of the most essential functions of management. It provides direction, minimizes uncertainty, and helps in resource optimization.
It acts as a roadmap that guides an organization toward achieving its objectives efficiently.
Step 2: Reasons why planning is necessary.
- It establishes clear goals and strategies.
- It prepares for possible challenges and uncertainties.
- It helps coordinate various organizational activities.
- It enables managers to monitor performance and make timely adjustments.
Step 3: Evaluation of options.
(A) Necessary: Correct — planning is indispensable for success.
(B) Unnecessary: Incorrect — no organization can function effectively without planning.
(C) Wastage of time: Incorrect — time spent in planning saves time during execution.
(D) Wastage of money: Incorrect — effective planning reduces financial losses.
Step 4: Conclusion.
Hence, planning is absolutely necessary for effective management and goal achievement.