Lester Arbuckle is owner of Sheetco, a manufacturer of snow shovels. Lester and his managers Obj. 4 do no budgeting or planning for Sheetco. Sheetco management does not anticipate problems that arise, and as a result the company has slow production, missed shipment deadlines, and lost sales. Discuss the reasons why Lester should wish to engage in budgeting and planning.