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Explain method as a type of Plan. - Business Studies

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प्रश्न

Explain method as a type of Plan.

Explain the following type of plan:

Method

स्पष्ट करा

उत्तर

A method is a form of strategy that specifies the stages or procedures to be taken to attain a given aim or purpose. It establishes a systematic strategy and specifies the sequence of actions or processes necessary to achieve a desired result.

Features of Method are:

  1. It is the standardised and simplified way of accomplishing any task.
  2. It is designed to achieve efficacy and economy in operations.
  3. Methods are the results of research and observations.
  4. Methods are always rational and logical.
  5. No penalties are imposed in case of violation of method of performing any task.
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संबंधित प्रश्‍न

Explain any three features of 'Planning.'


Answer the following question:
In 2015, Naveen left his luxurious life in Mumbai, where he worked as a manager for Blue Birds Ltd. He shifted to Begampur, Chhattisgarh to fulfill his grandmother's dream of converting their 25-acre ancestral land into a fertile farm. For this, he set out specific goals along with the activities to be performed to achieve the goals.
Every activity was a challenge since he was clueless about farming. He learned every activity from filling the land to sowing the seeds. To aid farmers he launched his own company 'Innovative Agriculture Solutions Pvt. Ltd.’
It was difficult initially as no one trusted an urban youth telling farmers about farming. But when everything was discussed in detail the farmers started taking an interest. He wanted to ensure that future events meet effectively the best interests of the company. Through sales forecasting, he prepared an annual plan for production and sales.
He also found that the farmers grew the only paddy, which was an activity of 3 - 4 months and land remained idle for the rest 8-9 months of the year. He not only identified but evaluated various alternatives through which the farms could be utilised for the remaining months of the year. Through correct foresight and logical and systematic thinking based on analysis of all facts, all alternative was examined and evaluated. He promoted a plan to the farmers, where after harvesting paddy, vegetables could be grown.
The above case highlights the features of one of the functions of management. By quoting lines from the above identify and explain these features.


Give the meaning of 'Rule' as a type of plan.


If planning involves working out details for the future, why  does it not ensure success? 


Which of the following plan has focused on the agriculture and rural economy?


A short-term plan is also known as a ______.


A long-term plan is also known as a ______.


Who wrote the book ‘The Road to Serfdom’?


Define economic planning.


Rearrange the steps in the decision-making process logically.

A. Identification of a problem

B. Identification of decision criteria

C. Allocation of weights to criteria

D. Development of alternatives

E. Analysis of alternatives

F. Selection of an alternative

G. Implementation of the alternative


Making decisions on the basis of experience, feelings and accumulated judgement is called as ____________.


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


Which of the following is not true about planning?


On which factor does the economic development of a region depends?


What should be the height of an area in the hill area development programme?


In how many districts, drought-prone area are identified?


What is the female literacy rate in the Bharmaur region?


Which region is popularly known as the homeland of Gaddis?


Who conceived the idea of Indira Gandhi Canal?


Bharmaur ITDP includes ______.


Indira Gandhi canal command area is in ______.


What are the main features to be considered by the management while planning?


'Planning is required in all organisations, at all levels and in all departments.'

______ feature of Planning is stated in the above statement?


Match the FEATURES of Planning in Column I with the appropriate EXPLANATION in Column II. 

  Column I   Column II
(1) Mental exercise (i) Involves looking ahead and is regarded as a forward looking function.
(2) Futuristic (ii) An intellectual activity of thinking rather than doing
(3) Continuous (iii) Need for a new plan on the basis of new requirements and future conditions.

'It involves application of high order thinking skills and intellectual faculties, involving vision and foresightedness to decide the things to be done in the future.'

Which feature of Planning is stated in the above line?


Planning helps in identifying deviations and taking corrective actions.


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