Final answer:
The statement is true. Good planning creates a means-ends chain where achieving smaller goals directly contributes to accomplishing overarching objectives, which is essential for effective goal realization.
Step-by-step explanation:
Good planning facilitates a means-ends chain, whereby higher-level objectives lead to the accomplishment of lower-level objectives. The statement is true. Effective planning in business or any goal-oriented endeavor requires setting overarching objectives, which then cascade down into more specific, actionable lower-level objectives. This hierarchical structure ensures that achieving smaller goals contributes directly towards the higher-level aims. To make goals achievable and appropriate, planning is critical; it involves not only setting the goals but also devising ways to realize them, thus creating a link between what is desired and the means to achieve it.