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Question
Regional planning relates to ______.
Options
Development of various sectors of the economy
Area-specific approach of development
Area differences in the transportation network
Development of rural areas
Solution
Regional planning relates to area-specific approach of development.
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Two years ago Nishant, completed his degree in Textile Engineering. He worked for sometime in a company manufacturing readymade garments. He was not happy in the company and decided to have his own readymade garments manufacturing unit. He set the objectives and the targets and formulate action plan to achieve the same. One of his objectives was to earn 80% profit on the amount invested in the first year. It was decided that raw materials like cloth, thread, buttons 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 Ritesh as a production manager, who decides the exact manner in which the production activities are to be carried out. Ritesh also prepared a statement showing the requirement of workers in the factory throughout the year. Nishant informed Ritesh about his sales target for different products areawise for the forthcoming quarter. A penalty of Rs 200 per day was announced for the workers who found smoking in the factory premises.
Quoting lines from the above para identify and explain the different types of plans discussed.
Explain any three points that highlight the importance 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.
Define 'planning premises'.
Explain the first two steps in the process of Planning
Give the meaning of 'Objectives' as a type of plan.
Give the meaning of 'Rule' as a type of plan.
Give the meaning of ‘Procedure’ as a type of plan.
What are the main aspects in the definition of planning?
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.
State any two limitations and any two features of planning discussed above.
Planning Commission was set up in the year ______.
Which software provides key performance indicators to help managers monitor the efficiency of projects and employees?
Which of the following quality a manager must possess to succeed in planning?
Which of the following is a benefit of planning?
Which of the following areas of our country are deficient in rainfall and are drought prone?
______ provides a rational approach for setting objectives and developing appropriate courses of action for achieving predetermined objectives.
Planning is closely connected with ______ and ______.
What is the female literacy rate in the Bharmaur region?
Under which programme, did the Planning Commission of India (1967) identify 67 districts (entirely or partly) of the country as prone to drought?
Which region is popularly known as the homeland of Gaddis?
Hill area development programme does not include ______.
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.
“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.” Which is the last step of the Process mentioned here?
______ must be futuristic in nature.
Which of the following is a feature of Planning?
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. |
Project performance incorporates ______
Which of the following is not the feature of Planning:
Which of the following commission replaced 'Planning Commission'?
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?
Deepti and Sudha are managers at ABC Ltd. and are working together on a project. They report to Mrs. Verma, a Senior Manager. Sudha asks Deepti to submit a report on the project to her without informing Mrs. Verma. Which Principle of Management is not followed in this case?
