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Question
Explain the first three steps in the process of 'Planning'.
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Solution
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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RELATED QUESTIONS
First step in planning process is to ____________.
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.
Planning requires logical and systematic thinking rather than guess work or wishful thinking. Identify the related feature of planning.
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 |
To see whether plans are being implemented and activities are being performed according to the schedule, is a step of planning process. Identify the step.
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 |
Briefly explain the next three steps in the process of planning which the manager will have to have to follow after using conjecture about what might happen in the future.
Planning bridges the gap between which two positions?
Which step involves defining what is to be achieved for the organisation and for each department?
Why is Developing Premises necessary in planning?
Premises are best described as what?
What is done during Identifying Alternative Courses of Action?
What does Implementing the Plan involve?
What is monitored during Follow-up Action?
What does Follow-up Action ensure?
