Planning is the first function of management and can be defined as the process by which managers set missions and objectives, assess the future and develop courses of action to accomplish these objectives. However, there is no shortage of myths and misconceptions about planning. Which of the following statements is a common misconception about planning?
(a) The end result of planning is only one of its purposes
(b) Planning cannot eliminate change
(c) Planning that proves inaccurate is a waste of management’s time
(d) The process of planning can, in itself, be valuable even if the results are inaccurate
(e) Planning is only a constraint if management stops planning after doing it once.
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