Question

What are the steps taken by management in the planning process?

Options

• Setting up the Objectives

• Developing the Premises

• Identification of the Alternative

• All of the above

Answer 1

All of the above

Explanation - 

Planning entails deciding ahead of time what should be done and how it should be done. There are a few logical stages involved. The actions that management should take when establishing plans are listed below. The measures that management should take when formulating plans are as follows:

1. Setting up the Objectives
2. Developing the Premises
3. Identification of the Alternatives
4. Evaluation of the Alternatives
5. Selection of the Best
6. Implementation
7. Follow-up Action