Types of Plans in Management

What is the primary focus of planning, as described in the text?

Achieving short-term goals
Looking into the future (correct)
Examining past performance
Maintaining the status quo

Which of the following is NOT a general characteristic of planning according to the text?

Fostering competition (correct)
Being simple and comprehensive
Establishing coordinated effort
Reducing wasteful activities

How does planning contribute to organization effectiveness based on the text?

By reducing coordination within teams
By ignoring environmental factors
By increasing competition among employees
By establishing a basis for all management functions (correct)

What should plans in an organization be, according to the text?

Clear, well defined, and easily understood (C) Signup and view all the answers

How does planning in business relate to determining company objectives?

It is concerned with setting company objectives (C) Signup and view all the answers

What is a major planning problem highlighted in the text?

Frequent and unpredictable changes in Nigeria environments (D) Signup and view all the answers

Which issue related to corporate planning is addressed in the text?

Lack of integration of corporate planning into the management system (A) Signup and view all the answers

What contributes to the basis of planning according to the text?

Inadequate data used frequently (B) Signup and view all the answers

Which issue is stated as a challenge in the planning process?

Gap between planner formulation and employee plan implementation (B) Signup and view all the answers

What is a common problem faced in using available data for planning?

Serious thinking and extensive paperwork (C) Signup and view all the answers

What is the main purpose of planning as described in the text?

To ensure goals are specific and action programs exist to achieve them (C) Signup and view all the answers

What distinguishes informal planning from formal planning according to the text?

Formal planning is written and defines specific goals (A) Signup and view all the answers

Which of the following is NOT one of the aspects that planning defines according to the text?

How many (A) Signup and view all the answers

What is a key function of planning described in the text?

Setting control within the organization (B) Signup and view all the answers

Based on the text, why should managers engage in planning?

To adapt to rapid socio-economic changes (C) Signup and view all the answers

In relation to planning, what does formal planning involve according to the text?

Defining specific goals and having action programs to achieve them (D) Signup and view all the answers

What is the primary focus of strategic plans?

Positioning the organization in its environment (C) Signup and view all the answers

What distinguishes long-term plans from short-term plans?

Time frame (A) Signup and view all the answers

Which type of plan allows for flexibility and general guidelines?

Directional plans (C) Signup and view all the answers

What do single-use plans refer to?

One-time plans for unique situations (B) Signup and view all the answers

In the hierarchy of organizations, who is primarily responsible for operational planning?

Middle-Level Managers (B) Signup and view all the answers

As a planner, what is the primary role of Chief Executives according to the text?

Establishing overall goals of the organization (C) Signup and view all the answers