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Write Short Note on the following:Importance of Planning. - Organisation of Commerce and Management

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प्रश्न

Write Short Note on the following:
Importance of Planning.

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उत्तर

The importance of planning can be explained through the following points:

  1. Renders direction - Planning clearly states the goals and objectives to be achieved and guides the managers on what is to be done and how it is to be done.
  2. Helps in decision making - By appropriately analysing future events and identifying and evaluating various courses of action, planning helps in making rational decisions.
  3. Essential for controlling - By clearly stating the objectives that are to be achieved, planning sets the standards against which the overall performance is to be evaluated, thereby helping in effective controlling.
  4. Promotes innovation - Formulation of plans and policies is an intellectual process that requires creativity and innovation on part of managers.
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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 7: Functions of Management - Write short answer of the following [पृष्ठ १७४]

APPEARS IN

मायकल वाझ Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
अध्याय 7 Functions of Management
Write short answer of the following | Q 1 | पृष्ठ १७४
मायकल वाझ Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
अध्याय 7 Functions of Management
Write Short Notes on the following | Q 9 | पृष्ठ १७४

वीडियो ट्यूटोरियलVIEW ALL [3]

संबंधित प्रश्न

Write only ‘one’ word or phrase or term which can substitute the following statement:

An end function where the performance is evaluated in accordance with the plan.


                 Match the correct pairs:

Sr.No Group 'A' Sr.No Group 'B'
1 Private company a One man one boss
2 Principle of unity of command b Basic function
3 Planning c 12 hours service
4 A TM d Maximum 50 members
5 Road transport e One man many bosses
    f 24 hours service
    g The cheapest mearis of transport
    h Unlimited members
    i End function
    j The costliest means of transport

A function of management where right people are given right job.


List any two indicators of growth of an organisation . 


Select the proper option from the options given below and rewrite the complete sentence :
The last function in managerial process is ________.


Write a word or a phrase or a term which can substitute the following :
A function of management that ensures that actual activities match up to the planned activities.


Write a word or a phrase or a term which can substitute the following :
A function which provides instructions from the top level management to the lower level management.


Write short answer of the following :
Why is Directing an important function of Management?


Write short answer of the following :
Write a note on Importance of co-ordination.


Answer the following Question:
Define Directing and explain its importance as management function?


State with reasons whether the following statement is TRUE or FALSE :
 Planning is an intellectual process.


State with reasons whether the following statement is TRUE or FALSE :

Corrective action is not possible through controlling.


State with reasons whether the following statement is TRUE or FALSE:

Division of work is not required in organising function.


Which is not a separate function of management out of the following?


‘Arrangement of various resources for achieving Target, under which function of management is this performed ______.


“A manager in a conscious manner has to ensure that even where members of a department willingly cooperate, coordination gives direction to the willing spirit.” The characteristic of coordination being highlighted above is ______.


Management is a/an ______ process as it is an ongoing and never-ending process. 


Name the function of management that acts as a means for translating plans into action.


Outline any four fundamental characteristics of effective management in a modern business organisation.


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