Question

Sudha and Shweta were twin sisters. After completing their education from college, they decided to start a business. As they were Commerce students, they knew the importance of deciding in advance 'what to do' and 'how to do'. It was very challenging for them as this decision was to guide all their future actions. While discussing the same with their mother, they got a new idea of starting a 'Cloud Kitchen'. Both the sisters were very excited to start this. The idea took the shape of a concrete plan and within a month, they were successful in starting their 'Cloud Kitchen.'
Identify the point of importance of planning highlighted in the above case:

• A. Planning reduces the risk of uncertainty.
• B. Planning promotes innovative ideas.
• C. Planning establishes standards for controlling.
• D. Planning reduces overlapping and wasteful activities.

Hint:

Effective planning fosters innovative ideas by providing the structure needed to turn them into reality and guide future actions.

Answer 1

The Correct Option is B

The case demonstrates how planning encouraged Sudha and Shweta to transform their innovative idea into a successful business. Planning promotes new ideas and helps convert them into concrete actions.