Podcast
Questions and Answers
What is the primary purpose of standing plans in an organization?
What is the primary purpose of standing plans in an organization?
- To outline short-term objectives exclusively
- To guide single-use projects
- To manage irregular activities
- To ensure routine decision-making efficiency (correct)
Which of the following is NOT a type of standing plan?
Which of the following is NOT a type of standing plan?
- Projects (correct)
- Rules
- Policies
- Procedures
What distinguishes projects from programmes according to their characteristics?
What distinguishes projects from programmes according to their characteristics?
- Level of complexity (correct)
- Nature of activities
- Duration they cover
- Type of budget allocated
What is a characteristic feature of a budget?
What is a characteristic feature of a budget?
How are policies defined in the context of standing plans?
How are policies defined in the context of standing plans?
Which of the following best describes objectives in an organization?
Which of the following best describes objectives in an organization?
What type of plan is primarily developed once but modified as needed over time?
What type of plan is primarily developed once but modified as needed over time?
Which statement accurately describes procedures in the context of management?
Which statement accurately describes procedures in the context of management?
What is the primary characteristic of a single-use plan?
What is the primary characteristic of a single-use plan?
What step involves putting the plan into action?
What step involves putting the plan into action?
Which of the following is a component of a single-use plan?
Which of the following is a component of a single-use plan?
How are different managerial functions related to the planning process?
How are different managerial functions related to the planning process?
What is a key factor in selecting a viable alternative?
What is a key factor in selecting a viable alternative?
Which of the following best describes the follow-up action step in planning?
Which of the following best describes the follow-up action step in planning?
What might necessitate the need for more resources, such as labor or machinery, according to the planning process?
What might necessitate the need for more resources, such as labor or machinery, according to the planning process?
In the context of planning, what role do permutations and combinations play?
In the context of planning, what role do permutations and combinations play?
What is the first step in the planning process?
What is the first step in the planning process?
Which stage involves weighing the pros and cons of each alternative in the planning process?
Which stage involves weighing the pros and cons of each alternative in the planning process?
What involves putting the selected plan into action?
What involves putting the selected plan into action?
In the planning process, what comes after selecting an alternative?
In the planning process, what comes after selecting an alternative?
Which of the following is NOT a step in the planning process?
Which of the following is NOT a step in the planning process?
What term describes the general guidelines that guide decision-making in the planning process?
What term describes the general guidelines that guide decision-making in the planning process?
Which stage of the planning process requires making assumptions about future events?
Which stage of the planning process requires making assumptions about future events?
What does a strategy in the planning context primarily define?
What does a strategy in the planning context primarily define?
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Study Notes
Planning
- Planning is the process of setting objectives, developing premises, identifying alternatives, evaluating alternatives, selecting alternatives, implementing the plan, and following up on the plan.
- The process of planning involves making decisions about the future.
- It is important to consider the potential risks and opportunities when making these decisions.
- Planners must anticipate future conditions and develop contingency plans.
- There are many different types of plans.
- Some plans are single-use plans, while others are standing plans.
- Single-use plans are used for one-time events or projects.
- Standing plans are used for activities that occur regularly over a period of time.
- Standing plans include policies, procedures, methods, and rules.
- Objectives are the desired future position that the management would like to reach.
- Strategy provides the broad contours of an organization's business.
- Policies are general statements that guide thinking or channelise energies towards a particular direction.
- Procedures are routine steps on how to carry out activities.
- Rules are specific statements that tell what is to be done.
Types of Plans
- Single-Use Plan: Developed for one-time events, not recurring situations. Examples: budgets, programmes, projects.
- Standing Plan: Used for recurring activities, helps with routine decision-making. Examples: policies, procedures, methods, and rules
- Policies: General guidelines for responses to situations.
- Procedures: Step-by-step instructions for specific circumstances.
- Methods: Detailed instructions for completing tasks.
- Rules: Specific instructions for what to do or not do.
Limitations of Planning
- Planning can lead to rigidity.
- It can reduce creativity.
- It involves high costs.
- It is a time-consuming process.
- Planning may not be effective in a dynamic environment.
- Planning does not guarantee success.
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