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प्रश्न
Explain any three points that highlight the importance of planning.
उत्तर
Importance of planning can be highlighted using the following points:
1) Guiding force: Planning acts as a guiding force for the subsequent functions of management and serves as a basic framework in the functioning of management. It allows the initiatives of cooperation and coordination to grow and helps the organisation to achieve its primary objectives. It creates a cordial atmosphere where suggestions and feedback of all employees are welcomed.
2)Hedging uncertainties: Planning attempts to predict and provide for unforeseen business changes occurring in the dynamic business environment on a day-to-day basis. It forecasts upcoming challenges and prepares the management for them in advance so that the productivity of the organisation does not get hindered.
3)Efficiency: Planning attempts to eliminate undesired wastage of valuable resources and creates an action plan which focuses on completion of goals efficiently in terms of time and cost involved. It aims to direct employees in such a manner that they reach their optimum individual performance level.
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संबंधित प्रश्न
Give the meaning of objectives and budget as types of plans.
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Give the meaning of ‘Procedure’ as a type of plan.
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Answer the following question.
Mega Ltd. holds an Annual Management Programme every year in the month of March in which the top managerial personnel formulates plans for the next year by analyzing and predicting the future to meet future events effectively. As they are responsible for providing direction to the organization, facts are thoroughly checked using scientific calculations. Detailed plans are prepared after discussion with professional experts. Preliminary investigations are also undertaken to find out the viability of the plan. Since it is an intellectual activity requiring intelligent imagination and sound judgment so it is mainly done by the top management. Usually, rest of the members just implement the plans. Middle-level managers are neither allowed to deviate from the plans nor are they permitted to act on their own. The top management ensures that the expenses incurred in formulating the plans justify the benefits derived from them.
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b) Bombay Plan
c) Jawaharlal Nehru Plan
d) Vishveshwarya Plan
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Is accepting solutions that are "good enough".
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Which of the following is not true about planning?
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Aim of regional planning is ______.
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______ feature of Planning is stated in the above statement?
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