planning

Question 1

planning define

Answer 1

it can be defined as thinking in advance what is to be done when it is to be done how it is to be done

Question 2

planning features

Answer 2

-planning contributes to objectives
-it is a primary function of management
-pervasive
-planning is futuristic and forward looking
-planning is continuous
-planning involves decision making
-planning is a mental exercise

Question 3

importance

Answer 3

-planning provides direction
-planning reduces the risk of uncertainties
-planning reduces overlapping and wasteful activities
-planning promotes innovative ideas
-planning facilitates decision making
-planning establishes standard for controlling

Question 4

limitations

Answer 4

-planning leads to rigidity
-planning may not work in a dynamic environment
-it reduces creativity
-planning involves huge cost
-planning is a time consuming process
-planning does not guarantee success

Question 5

planning process

Answer 5

-setting up of the objectives
-developing premises
-listing the various alternatives for achieving the objectives
-evaluation of different alternatives
-selecting an alternatives
-implementing the plan
-follow up

Question 6

types of plans

Answer 6

-objectives
-strategy
-policies
-procedures
-methods
-rules
-programmes
-budgets