Question

What are the main points in the definition of planning?

Options

• Setting Objectives

• Time Period

• Formulating Alternatives for Course of Action

• All of the above

Answer 1

All of the above

Explanation -

The following are the main points in the definition of planning.

1. Setting Objectives : Planning must be focused on a specific goal. That is, there must be a specific goal for which planning is being done.
2. Time Period: The strategy must be created for a specific time frame. It is possible that preparing without a time frame will be ineffective. This is because the corporate environment evolves throughout time, necessitating new strategy and activity.
3. Formulating Alternatives for Course of Action : Once the goal has been established, the following step is to determine how it will be accomplished. There are numerous alternate courses of action that can be used to achieve any goal. These alternatives must be carefully crafted.