Chapter 5, Problem 5DQ

Summary Introduction

To determine:

The importance of planning to an organization?

Introduction:

Planning is a managerial function where once the objectives and goals are being set they need to plan on how they are going to use the capital resources, monetary resources, and labor in order to achieve their primary visions and missions in future. Therefore, this planning will include which employee does what task and how each department gets their resources allocated. Therefore, all the processes that are required for the organization to continue process will be planned.

Given the information:

The question is being asked with a phrase.