LS1057: “Planning is needed, firstly for committing and allocating the organisation’s limited resources towards achieving its objectives in the possible manner and, secondly for anticipating the future opportunities and problems.” Elaborate this statement and discuss the underlying concepts as you have experienced in organisational situation

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Question: “Planning is needed, firstly for committing and allocating the organisation’s limited resources towards achieving its objectives in the possible manner and, secondly for anticipating the future opportunities and problems.” Elaborate this statement and discuss the underlying concepts as you have experienced in organisational situation.
Briefly describe the context, you are referring to.


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