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Illustrate any four ways by which comprehensive planning contributes to goal alignment within different levels of a business organisation. - Commerce

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प्रश्न

Illustrate any four ways by which comprehensive planning contributes to goal alignment within different levels of a business organisation.

संक्षेप में उत्तर

उत्तर

Contribution of Planning to Goal Alignment:

  1. Planning sets out standards for Controlling in an organisation.
  2. Planning provides directions: It ensures that the objectives are certainly asserted so that they serve as a model for determining what action should be taken and in which direction. If objects are well established, employees are informed of what the company has to do and what they need do to accomplish those purposes.
  3. Planning decreases the chances of risk: Planning is an activity which permits a manager to look forward and predict changes. By determining in prior the tasks to be completed, planning considers the way to deal with changes and unpredictable effects.
  4. Planning decreases overlapping and wasteful activities: Planning works as the foundation of organising the activities and purposes of distinct branches, departments, and people. It assists in avoiding chaos and confusion. Since planning guarantees precision in understanding and action, work is conducted easily without delays.
  5. Planning encourages innovative ideas: Since it is the primary function of management, new approaches can take the form of actual plans. It is the most challenging project for the management as it leads all planned actions pointing to growth and of the business.
  6. Planning aids decision-making: It encourages the manager to look into the future and decide from amongst several alternative plans of action. The manager has to assess each option and pick the most viable plan.
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संबंधित प्रश्न

‘Planning is looking ahead and controlling is looking back.’ Comment. 


Mr Shantanu is a chief manager of a reputed company that manufactures garments. He called the production manager and instructed him to keep a constant and continuous check on all the activities related to his department so that everything goes as per the set plan. He also suggested him to keep a track of the performance of all the employees in the organisation so that targets are achieved effectively and efficiently.

a. Describe any two features of Controlling highlighted in the above situation.(Goal Oriented, continuous and pervasive – any 2).
b. Explain any four points of importance of Controlling.


Planning and Controlling are interrelated.


Which of the following are the standards that can hle used by a company to evaluate the performance of its Finance & Accounting department


Which of the following statements does not highlight the relationship between planning and controlling?


Which of the following statements establishes a relationship between planning and controlling :


Planning means to look ahead while Controlling means to:


Without ______ function of Management, the controlling function is not possible. 


Ms. Jasdeep, the Production Manager in a reputed manufacturing company believes in planning to achieve the desired goals while Mr. Philips, the Sales Manager in the same company thinks that controlling is the best way to achieve the desired results.
Briefly explain the relationship between the two functions of management highlighted above.


Discuss the interplay between the goal setting during Planning phase and the use of these goals as benchmarks for performance evaluation in Controlling phase.


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