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Explain the First Three Steps in the Process of 'Planning'. - Business Studies

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प्रश्न

Explain the first three steps in the process of 'Planning'.

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उत्तर

Initial three steps to be followed by the management while making plans:

i. Determining targets: Planning serves the purpose of determining targets of the organisation in its initial stage so that the subsequent functions of management have some standards for comparing the actual targets. Planning makes sure that the organisation carries a particular vision of achieving a certain quantifiable target within a particular time period.

ii. Creating assumptions: To determine specific targets, planning creates certain assumptions with respect to resources, people and business environment. Success of a plan depends directly on the accuracy of these assumptions and implementation of the plan.

iii. Determining available choices: Planning thereafter determines and suggests various courses of action available to the organisation to meet the desired targets. This step also enlists pros and cons of the available courses of action to assist in decision making.

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2015-2016 (March) Foreign Set 3

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संबंधित प्रश्न

State the role of 'route clerk' in functional foremanship.


What are the steps taken by management in the planning  process?


Identify the correct sequence of steps involved in the planning process.


Which step in the process of planning will precede the step in which the manager is required to make certain assumptions about the future, which are the base material upon which the plans are drawn.


They represent the end point of planning.


What are the steps taken by management in the planning process?


Match the STEPS of Planning process in Column I with the appropriate SEQUENCE in Column II.

  Column I   Column II
(1) Setting Objectives (i) Fourth step
(2) Implementing the plan  (ii) First step
(3) Evaluating alternative courses (iii) Sixth step

______ are the anticipated environments in which plans are expected to operate. 


What does workforce analysis reveal?


While 'selecting an alternative' under the planning process, which of the following are considered?


Which of the following statements is false with respect to Planning?


Planning is deciding in advance, what to do and how to do. The first step of planning process is : 


Match the STEPS of Planning process in Column I with the appropriate SEQUENCE in Column II.

  Column I Column II
(i) Setting Objectives Fourth step
(ii) Implementing the plan First step
(iii) Evaluating alternative courses Sixth step

Which of the following step in the process of planning states that the manager is required to make certain assumptions about the future:


‘The pros and cons of each alternative need to be weighed.’ Name and briefly explain the logical steps in the process of planning which are followed by a manager before performing the step highlighted in the above statement.


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