How does planning reduces the risk of uncertainties ? Explain.
What are foreseen events ?
Hey Chanchal,
In response to the fist part of your query,
Planning reduces the risk of uncertainity: By guiding an organisation in the right direction, it accredits its managers to analyse and anticipate changes. This leads to a reduction in uncertainty of the foreseen events. Planning shows how to deal with situations which may arise in the due course of management, though it does not fully eliminate the problems.
In response to second part of your query,
Foreseen events are those events which are predicted or forecasted by planners.
Keep Posting!!
In response to the fist part of your query,
Planning reduces the risk of uncertainity: By guiding an organisation in the right direction, it accredits its managers to analyse and anticipate changes. This leads to a reduction in uncertainty of the foreseen events. Planning shows how to deal with situations which may arise in the due course of management, though it does not fully eliminate the problems.
In response to second part of your query,
Foreseen events are those events which are predicted or forecasted by planners.
Keep Posting!!