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What defines the parameters within which a manager can function in an organization?
What defines the parameters within which a manager can function in an organization?
Which of the following statements best describes rules in an organization?
Which of the following statements best describes rules in an organization?
Which component provides detailed steps for performing work and the sequence of actions?
Which component provides detailed steps for performing work and the sequence of actions?
What is a budget primarily used to express in an organization?
What is a budget primarily used to express in an organization?
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Which of the following best describes methods in an organizational context?
Which of the following best describes methods in an organizational context?
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What is the first step in the process of identifying alternative courses of action?
What is the first step in the process of identifying alternative courses of action?
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What primarily influences the selection of the best alternative when mathematical analysis is not possible?
What primarily influences the selection of the best alternative when mathematical analysis is not possible?
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Which type of plan is intended to address a recurring problem?
Which type of plan is intended to address a recurring problem?
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What action is involved in the step of implementing the plan?
What action is involved in the step of implementing the plan?
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Which factor is crucial when evaluating financial decisions?
Which factor is crucial when evaluating financial decisions?
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What is the purpose of follow-up action in management planning?
What is the purpose of follow-up action in management planning?
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What kind of courses of action can managers identify for achieving objectives?
What kind of courses of action can managers identify for achieving objectives?
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Which outcome is expected from the ideal plan in management?
Which outcome is expected from the ideal plan in management?
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What characterizes a single use plan?
What characterizes a single use plan?
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Which of the following is NOT a characteristic of standing plans?
Which of the following is NOT a characteristic of standing plans?
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Objectives in planning should be expressed in what manner?
Objectives in planning should be expressed in what manner?
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What is the first step in the planning process?
What is the first step in the planning process?
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What is the primary focus of strategies in an organization?
What is the primary focus of strategies in an organization?
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What is the role of policies in organizational planning?
What is the role of policies in organizational planning?
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Which of the following best describes premises in the planning process?
Which of the following best describes premises in the planning process?
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Who should participate in the objective setting process?
Who should participate in the objective setting process?
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Which of the following best describes a single use plan's duration?
Which of the following best describes a single use plan's duration?
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What is an example of setting objectives?
What is an example of setting objectives?
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What is a critical aspect of setting organizational objectives?
What is a critical aspect of setting organizational objectives?
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Which type of strategy involves responding to competitors?
Which type of strategy involves responding to competitors?
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Why is accuracy of forecasts important in the planning process?
Why is accuracy of forecasts important in the planning process?
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Which activity should be performed after setting objectives?
Which activity should be performed after setting objectives?
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In regard to planning, what role do alternative courses of action play?
In regard to planning, what role do alternative courses of action play?
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What is a key characteristic of planning according to Koontz and O'Donnell?
What is a key characteristic of planning according to Koontz and O'Donnell?
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How does planning help in managing uncertainty?
How does planning help in managing uncertainty?
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What is crucial for all managers involved in planning?
What is crucial for all managers involved in planning?
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Which function of management is emphasized as the first in the context of planning?
Which function of management is emphasized as the first in the context of planning?
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What effect does planning have on overlapping activities within an organization?
What effect does planning have on overlapping activities within an organization?
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In what way does planning facilitate decision-making?
In what way does planning facilitate decision-making?
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What is one of the primary benefits of having clear objectives in planning?
What is one of the primary benefits of having clear objectives in planning?
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What role does planning play in establishing standards for controlling?
What role does planning play in establishing standards for controlling?
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Which aspect of planning encourages the generation of new ideas?
Which aspect of planning encourages the generation of new ideas?
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What is the main focus of planning in an organization?
What is the main focus of planning in an organization?
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Which statement best describes the nature of planning in management?
Which statement best describes the nature of planning in management?
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Which of the following is NOT a characteristic of planning?
Which of the following is NOT a characteristic of planning?
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How is planning characterized in terms of time orientation?
How is planning characterized in terms of time orientation?
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Which of the following best explains the role of decision-making in planning?
Which of the following best explains the role of decision-making in planning?
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What does it mean for planning to be continuous?
What does it mean for planning to be continuous?
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At what level is planning required within an organization?
At what level is planning required within an organization?
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What does the pervasive nature of planning indicate about its necessity?
What does the pervasive nature of planning indicate about its necessity?
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Study Notes
Planning Definition
- Planning is an intellectual process.
- It involves a conscious determination of action courses.
- Decisions are based on purpose, facts, and estimations.
Planning Meaning
- Planning is deciding what and how to do things in advance.
- It's a fundamental managerial function.
- It involves setting objectives and developing appropriate actions.
- Plans need timelines, but time is finite.
- Plans must be used effectively.
Importance of Planning
- Planning provides direction for action.
- It clarifies stated objectives for departments and individuals.
- It reduces uncertainty by enabling managers to anticipate changes.
- It facilitates coordination among different units.
- It helps avoid waste by reducing overlapping actions.
- Planning promotes innovative ideas.
- It's the foundation for effective management.
- Planning is a prerequisite for controlling.
Features of Planning
- It's a mental exercise, involving decision-making.
- It focuses on achieving objectives.
- It's a primary management function.
- It is pervasive across all management levels and departments.
- It's a continuous process.
Limitations of Planning
- It can lead to rigidity.
- It can be time-consuming and costly.
- It may not guarantee success.
- It may not work effectively in dynamic environments.
- It may reduce creativity.
Planning Process
- Setting objectives: Defining what an organization intends to achieve.
- Developing premises: Making assumptions about the future.
- Identifying alternative courses of action.
- Evaluating alternative courses of action.
- Selecting the best alternative.
- Implementing the plan.
- Follow-up action: Monitoring and correcting deviations.
Types of Plans
- Single-use plan: A plan tailored for a one-time event or project.
- Standing plan: These plans are utilized repeatedly for recurring activities.
Classifications of Standing Plans
- Objectives: Desired results – They are measurable, often quantitative, and have a timeframe.
- Strategies: Long-term, broad plans that outline how to achieve objectives.
- Policies: General guidelines to direct thinking or activities.
- Procedures: Sequence of steps to follow for a recurring task.
- Rules: Firmly stated requirements for specific situations.
- Methods: Prescribed ways to approach tasks efficiently.
- Programmes: Detailed list of tasks, objectives, and resources.
- Budgets: Numerical estimations of anticipated results.
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Description
This quiz explores the essential concepts of planning in management. It covers definitions, significance, features, and how effective planning contributes to organizational success. Test your understanding of how planning influences decision-making and coordination in management.
