Functions of Planning in Management

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Why is planning considered critical in management?

It simplifies decision making

It contributes to controlling subordinates

It sets the organization's direction and purpose (correct)

It involves selecting among alternatives

What is the primary function in management activity?

Controlling

Planning (correct)

Decision making

Forecasting

Which recent surge of interest in planning has been mentioned in the text?

Strategic planning (correct)

Short-range planning

Operational planning

Tactical planning

What will you learn about in this unit according to the text?

The essentials of planning Signup and view all the answers

Which function must a manager perform in order to carry out managerial functions efficiently?

Planning Signup and view all the answers

What is the role of forecasting in planning according to the text?

Aids in decision making Signup and view all the answers

What is the specific connotation of planning in the context of formal organizations and their management?

Deciding in advance for a specific period and taking necessary steps Signup and view all the answers

What does planning imply in the context of organizations?

All of the above Signup and view all the answers

What is the importance of planning function in providing direction to activities of an organization?

It strengthens confidence in understanding where the organization is heading Signup and view all the answers

What does planning allow managers to examine and analyze?

Courses of action with a better understanding of their likely consequences Signup and view all the answers

When should managers be able to exercise judgement to choose the most feasible and favorable course of action?

When understanding the likely consequences of alternative courses of action Signup and view all the answers

How do parents often decide about the education of their children?

By deciding in advance what is to be done in the future for a specific period Signup and view all the answers

What does planning in formal organizations entail when looking ahead into the future?

Anticipating future events and allocating scarce resources Signup and view all the answers

What is another source of importance of planning?

It provides an opportunity to analyze alternative courses of action Signup and view all the answers

Functions of Planning in Management

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