Question

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

Options

• Evaluating alternative courses, Identifying alternative course of actions, Setting objectives, Developing premises

• Setting objectives, Identifying alternative course of actions, Evaluating alternative courses, Developing premises

• Setting objectives, Developing premises, Identifying alternative course of actions, Evaluating alternative courses

• Setting objectives, Evaluating alternative courses, Developing premises, Identifying alternative course of actions

Answer 1

Setting objectives, Developing premises, Identifying alternative course of actions, Evaluating alternative courses

Explanation:

The correct sequence of steps in the planning process is as follows:

1. Setting objectives – Defining what the organization wants to achieve.
2. Developing premises – Making assumptions about the future (business environment, trends, etc.).
3. Identifying alternative courses of action – Listing possible ways to achieve the objectives.
4. Evaluating alternative courses – Assessing the pros and cons of each alternative.