Short Answer Type
1. What are the main points in the definition of planing.
1. What are the main points in the definition of planing.
Answer:
(i) Planning is to decide in advance what to do and how to do it.
(ii) It bridges the gap between where we are and where we want to reach.
(iii) Planning involves setting objectives and developing a suitable methodology to achieve these objectives.
(iv) It is one of the basic managerial functions.
(ii) It bridges the gap between where we are and where we want to reach.
(iii) Planning involves setting objectives and developing a suitable methodology to achieve these objectives.
(iv) It is one of the basic managerial functions.
2. How does Planning provide direction?
Answer: Planning provides guidance by indicating in advance how the work should be done. It ensures that the objectives of the organisation or the act are clearly stated as a guide to decide what action should be taken. If goals are well defined, employees will know what they need to do to achieve those goals.
3. Do you think Planning can work in a changing environment?
Answer: In a dynamic environment, planning may not be successful. The business environment is dynamic.The business environment changes under the influence of economic, political, physical, social and other factors.As the planning process changes with a consistent planning Being useful creates obstacles.
4. If Planning involves working out details for the future, why does it not ensure success?
Answer: Planning is not a guarantee of success. The success of an enterprise is possible only when the plans are properly formulated and implemented. Arranging doesn't ensure a good outcome. The achievement of an endeavour is conceivable just when plans are appropriately drawn up and executed. Any arrangement should be converted right into it or it becomes pointless. Directors tend to depend on recently attempted and tried fruitful plans. It isn't generally a fact that on the grounds that an arrangement has worked before it will work once more. This sort of incorrect conviction that all is well with the world may really prompt disappointment rather than progress.
5. Why are rules considers to be Plans?
Answer: Decides are explicit articulations that educate what can anyone do. They don't take into consideration any adaptability or attentiveness. It mirrors an administrative choice that a specific activity should or should not be taken. They are generally the easiest kind of plans on the grounds that there is no trade off or change except if an arrangement choice is taken.
6. What kind of strategies decisions are taken by business organisations.
Answer: Key Plan: Strategic arrangement is the arrangement which is formed by the high level administration for an extensive stretch of season of five years or more. They choose the significant objectives and strategies to accomplish the objectives. It's anything but a note of the multitude of outside variables and dangers implied and makes a drawn out arrangement of the association. It includes the assurance of qualities and shortcomings, outside dangers, mission, and control framework to execute plans.
Long Answer Type Questions
1. Why is it that organisations are not always able to accomplish all their planning?
Answer: Arranging is the main action as it advises where to go. Furthermore, it gives guidance and lessens the danger of vulnerability by planning figures. What's more, put away sufficient opportunity and cash to define plans for the achievement of the association. In any case, because of the unique idea of the business climate the plans of the association don't work likewise. This is on the grounds that it has different constraints and because of which the associations would not have the option to accomplish its goals. Followings are the limits of preparation:
(i) Planning leads to rigidity: A particular arrangement made in an association demonstrates the target to be accomplished and the methods of tackling job. Also, an administrator will most likely be unable to change these plans, it prompts inflexibility.
(ii) Planning may not work in a dynamic environment: Business climate comprises of social, practical, lawful, political, and innovative variables which continue evolving. Furthermore, the association needs to adjust these progressions without anyone else. Be that as it may, arranging can't by and large evaluate the future patterns and in this way comes up short in a powerful climate.
(iii) Planning reduces creativity: Planning is the movement which is performed by the high degree of the executives and the individuals from centre and lower level of the board are there just to carry out these plans. They are neither permitted to partake in the arranging interaction nor allowed to follow up on their own. Also, this prompts decrease in inventiveness and advancement.
(iv) Planning involves huge costs: Planning includes a ton of time, cost and endeavours of the supervisors. It requires assortment of information, meeting room gatherings, examination and conversation with specialists and it includes a ton of consumption of the association. Furthermore, now and then the expense brought about may not legitimise the advantages got from the plans.
(v) Planning is a time consuming process: Sometimes the arranging cycle takes a ton of time and because of which there isn't a lot of time left for their execution. What's more, this prompts disappointment of preparation.
(vi) Planning does not guarantee success: The achievement of preparation thoroughly relies on its execution. What's more, absence of appropriate execution prompts disappointment of preparation. However the arrangement has worked before, it may not work again because of progress in the outer climate.
2. What are the main features to be considered by the management while planing?
Answer: Following are the highlights of preparation:
(i) Arranging centres around Achieving Objectives: Management starts with arranging and arranging starts with the deciding of destinations. Without targets no association can at any point be contemplated. With the deciding of evenhanded, the best approach to accomplish the goal is chosen in the arranging. It is accordingly certain that arranging is useful in the accomplishment of targets.
(ii) Arranging is Primary Function of Management: Planning is the main significant capacity of the executives. Different capacities, e.g., putting together, staffing, coordinating and controlling come later. In the absence of preparation no other capacity of the executives can be performed. This is the foundation of different elements of the board.
(iii) Arranging is Pervasive: Since the work of preparation is performed by the directors at various levels working in the venture, it is suitable to call it all unavoidable. Arranging is a significant capacity of each chief, he might be an overseeing overseer of the association or a foreman in a production line.
(iv) Arranging is Continuous: Planning is a nonstop interaction in light of the fact that:
a. An arrangement is ready for a specific period. Consequently, there is need for another arrangement after the expiry of that period.
b. In the event of any error plans are to be overhauled.
c. If there should arise an occurrence of fast changes in the business climate plans are to be updated.
(v) Arranging is Futuristic: Planning chooses the strategy what can anyone do, how is it to be done, when is it to be done, by whom is it to be done, this load of inquiries are identified with future. Under arranging, answers to these inquiries are discovered. While an exertion is made to discover these answers, the chance of social, financial, specialised and changes in lawful system are remembered. Since arranging is worried about future exercises, it is called cutting edge.
3. What are the steps taken by management in the planning process?
Answer: The means taken by the administration during the time spent arranging are:
(i) The administration should right off the bat choose its destinations what is to be accomplished and how is it to be accomplished. Both the particular and general target should be remembered while forming the plans. The plans should be deliberate and the targets should be obvious.
(ii) Arranging depends with the understanding of things to come cold premix. The exceptions depend on future forecasts, past plans, and the current approaches. All chiefs ought to have similar suppositions.
(iii) The subsequent stage is to pick the best other option. The supervisor may likewise pick a mix of various other options. The best arrangement is the one which is attainable and beneficial alongside the most un-adverse results.
(iv) The chief needs to make a rundown of option by which the association can accomplish its goal.
(v) In the wake of recognising the diverse option the director needs to assess them. This assessment depends on the utility and the result of its activity. The benefits and burdens of every one of them should be seen unmistakably.
(vi)Only picking the best option isn't sufficient. Ceaseless oversight of the arrangements and the activities of the organisation is required. Follow up is a significant piece of Planning. It is significant for the accomplishment of the arrangement and accomplishment of the destinations.
4. Is planing actually worth the huge costs involved?Explain.
Answer: Planning is a costly process. Because a large amount of money has to be spent on collecting different types of data and conducting different types of audits. Planning involves top level stakeholders; And they are usually highly valued, because they are experienced and skilled people. Planning is a large process that involves all the staff and departments of the organisation from Imus to Seymour which increases the cost.
Extra Questions Answers from Bzzii
1. What are the different types of plans?
Answer: There are different types of plans - objectives, strategies, policies, procedures, rules, plans, budgets, etc.
2. What is the planning process?
Answer: The planning process is the proper use of resources by setting business objectives.
3. What does it mean to have a planning agenda?
Answer: Preparation of a work schedule for planning means - trying to achieve the goal by correcting the organisation's policy rules.
4. 'No smoking in the factory' - what kind of planning is involved in this phrase?
Answer: 'No smoking in the factory' - This phrase is involved in formal planning.
5. Which of the following is considered as a functioning land of management?
Answer: Management planning is considered as functional land.
6. What is the purpose and policy?
Answer: Purpose: The main basis of planning is purpose. Planning is done to achieve different types of business objectives. These are taken as measures and different types of planning are undertaken and implemented.
Policy: Consistent with business planning or policy-related policy is adopted as a fixed plan. It is also understood as planning assistance.
7. What is meant by planning strategy?
Answer: Planning strategy is a plan designed to achieve the goal by making full use of the resources of the business organization.
In a competitive market, producers devise strategies to increase the demand for the products they produce, and to defeat their competitors.
8. What is 'budget' in planning?
Answer: A budget is a statement of the number of activities of a project.
There are usually two aspects to the budget - revenue and expenditure. Budget is generally used to manage and control expenditure.
9. What is the approximate acceptability of the plan?
Answer: The future of economic, social, political, etc. is predicted by the acceptance of planning. The vision of these is expected to work and efforts are made to achieve the intended purpose.
10. Write down the limitations of the plan.
Answer: The main limitations of the plan are as follows -
(i) Planning creates strong rules,
(ii) In a dynamic environment, the plan may not be successful,
(iii) planning time consuming,
(iv) Excessive cost of planning.
(i) Planning creates firm rules: Business organisations prepare a comprehensive plan to achieve a specific goal within a specified time. It adopts a plan for the planned future, which is not easy to change. The inability to change the working style leads to inflexible complications. For which the organisation finds it difficult to adapt to the situation.
(ii) Planning may not be successful in a dynamic environment: The business environment is dynamic. The business environment changes under the influence of economic, political, physical, social and other factors.
(iii) Planning time consuming: A considerable amount of time is wasted in preparing the plan as data collection, data analysis and interpretation are required.
(iv) Excessive cost of planning: Considerable expenditure is incurred in preparation of plans. For example, the cost of meeting of the Board of Directors, the cost of consultation with the Backward Specialists, and the cost of the initial investigation, etc., can be borne by the plan.