Ans. This statement
is True
1. Planning is the
most basic or primary function of management. It precedes other functions
because a manager plans before he acts.
2. Planning involves
determining the objectives and selecting a course of action to achieve them.
3. Planning enables
an organisation to cope with uncertainty and change the identity threats and
opportunities. It provides sense of direction as all human efforts are directed
to achieve goals.
4. Planning
encourages innovation and creativity which are must for the growth and
development of business.
5. It helps in
interrelating all the activities and resources of an organisation as activities
and efforts of various departments and divisions can be co – ordinated and harmonized
with the help of overall plan.