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Explain Any Three Features of 'Planning.' - Business Studies

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प्रश्न

Explain any three features of 'Planning.'

उत्तर

Three features of planning:
i. Attainment of goals: Planning lays a foundation for the key goals of an organisation to be achieved. It makes sure that the organisation uses all its available resources to achieve the desired level of output in a given time. It ensures that the organisation follows a particular strategy in routine to achieve the desired results ultimately. For example, if an organisation expects to increase its turnover by 30% in one year, then plans are formulated in accordance with that desired expectation of results.

ii. Basis of subsequent functions: Planning serves as a basis or foundation for subsequent functions of management, i.e. directing, controlling, staffing and organising. When the desired performance/output level is planned, the other functions come into play. Without a plan, all other functions of management would serve no purpose at all.

iii. Broad scope: Plans are made and followed by all levels of a particular organisation to achieve their certain standards of performance. Top level managers make plans to initiate and implement different policies. Middle level managers make plans to get the workers to understand and follow the policies. Lower level managers plan to supervise and guide workers to achieve their targets.

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2015-2016 (March) Delhi Set 1

संबंधित प्रश्‍न

Two years ago Mayank obtained degree in food technology. For some time he worked in a company manufacturing Bread and Biscuits. He was not happy in the company and decided to have his own Bread and Biscuits manufacturing unit. For this he decided the objectives and the targets and formulated action plan to achieve the same. One of his objective was to earn 50% profit on the amount invested in the first year. It was decided that raw materials like flour. sugar, salt etc. will be purchased on two months credit. He also decided to follow the steps required for marketing the products through his own outlets. He appointed Harsh as a Production-Manager who decides the exact manner in which the production activities are to be carried out. Harsh also prepared a statement showing the requirement of workers in the factory throughout the year. Mayank informed Harsh about his sales target for different products, area wise for the forth coming quarter. While working on the production table a penalty of Rs 150 per day was announced for not wearing the helmet, gloves and apron by the workers.

Quoting lines from the above para identify and explain the different types of plans discussed.


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Is a rule of thumb that managers use to simplify decision-making.


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Which of the following is a feature of Planning?


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Planning is of vital importance in the managerial process. Give any four reasons to support this statement.


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