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Question
M.N. Roy was associated with ______.
Options
Congress Plan
People’s Plan
Bombay Plan
None of the above
Solution
M.N. Roy was associated with the People’s Plan.
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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 'Objectives' as a type of plan.
What are the main aspects in the definition of planning?
If planning involves working out details for the future, why does it not ensure success?
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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Describe the case for planning.
Rearrange the steps in the decision-making process logically.
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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
Which of the following is an assumption of rationality to rational decision-making?
Which of the following is not a benefit of planning?
What is known as the primary function of management?
All other managerial functions are performed within the framework of the plans drawn. Identify the related feature of planning.
When did NITI Aayog replace the Planning Commission?
Read the following text and answer the following question on the basis of the same:
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Graphical representation of the various activity and event relating to a project is known as ______.
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