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Question
Define 'planning premises'.
Solution
Planning premises are the assumptions made by managers about the future conditions and business environment.
RELATED QUESTIONS
Two years ago Madhu completed her degree in food technology. She worked for sometime in a company manufacturing chutneys, pickles and murabbas. She was not happy in the company and decided to have her own organic food processing unit for the same. She set the objectives and the targets and formulated action plan to achieve the same.
One of her objective was to earn 10% profit on the amount invested in the first year. It was decided that raw materials like fruits, vegetables, spices etc. will be purchased on three months credit from farmers cultivating organic crops only. She also decided to follow the steps required for marketing of the products through her own outlets. She appointed Mohan as a Production Manager who decides the exact manner in which the production activities are to be carried out. Mohan also prepared a statement showing the number of workers that will be required in the factory throughout the year. Madhu informed Mohan about her sales target for different products, areawise for the forthcoming quarter. While working on the production table a penalty of Rs 100 per day for not wearing the caps, gloves and apron was announced. Quoting lines from the above para identify and explain the different types of plans discussed.
Give the meaning of objectives and budget as types of plans.
Explain briefly any three personal barriers to communication.
Explain the first two steps in the process of Planning
Sarvodaya Plan was advocated by ______.
ITDP refers to which one of the following?
Write short notes on the drought-prone area programmes. How does this programme help in the development of dryland agriculture in India?
Is a rule of thumb that managers use to simplify decision-making.
What is the female literacy rate in the Bharmaur region?
When did NITI Aayog replace the Planning Commission?
Who conceived the idea of Indira Gandhi Canal?
Read the following text and answer the following question on the basis of the same:
Simplex limited had been taken over by Mundhra Group immediately following India’s independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation resources to reduce wastage. For this purpose the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010 the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.
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All other managerial functions are performed within the framework of the plans drawn. identify the related feature of planning.
What are the main points in the definition of planning?
______ must be futuristic in nature.
Match the CATEGORY being marketed in Column I with the correct EXAMPLE in Column II.
| Column I | Column II | ||
| (1) | Ideas | (i) | Film festival |
| (2) | Experience | (ii) | Family Planning |
| (3) | Events | (iii) | Mountaineering |
The purpose of planning is to meet future events effectively to the best advantage of an organisation. This statement highlights which of the following features of planning?
Explain method as a type of Plan.
