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www.gyaniversity.com84Managerial Processes-I Briefly describe the nature of Planning Process and its necessity for an organisation. Explain different types of planning and their requirement.Operational Planning: This type deals with the day-to-day activities and procedures that ensure smooth functioning of the organization. It is very specific, often planned on a weekly or monthly basis, and is typically managed by lowerlevel managers who are responsible for executing detailed tasks.Contingency Planning: Given the uncertainties in any business environment, contingency planning is crucial. It involves preparing for unexpected events or emergencies by developing specific plans that can be put into action when anticipated crises occur. This type of planningensures that the organization can respond quickly and effectively to disruptions.Perspective and Programme Planning: Perspective planning is broad-based, focusing on long-range, visionary goals and the overall direction of the organization. It is less about specifics and more about setting general aspirations. Programme planning, on the other hand, involves mapping outa series of projects or tasks designed to achieve specific results, ensuring that each initiative aligns with strategic goals.Briefly discuss the necessity of planning function in an organization. Describe the process and steps involved in planning for an organization.Exam Prediction: 43%Source: Dec 2021, Dec 2023Planning is an essential management function that serves as the backbone of any organization%u2019s operations. It involves setting objectives, identifying the best courses of action, and then implementing and controlling activities to achieve these objectives. In today%u2019s dynamic and competitive environment, the necessity of planning cannot be overemphasized, as it aids in navigating uncertainties, harmonizing efforts across the organization, and ensuring long-term success.First and foremost, planning helps in the selection of optimum goals. By setting clear objectives, an organization creates a roadmap that outlines what it intends to achieve. Well-defined objectives provide clarity to all members of the organization, reducing confusion and ensuring that everyone works in the same direction. This alignment of goals is particularly important in environments where changes occur frequently. With a clear focus, an organization can manage transitions, respond to market shifts, and make informed decisions in times of uncertainty.Planning also manages the complexities that arise from coordinating a diverse workforce. In any organization, people possess different skills, attitudes, and