Importance of Planning

Q.

Explain any four objective of business

Q.

Design Thinking is A Non-linear Process.

1. True
2. False

Q.

How planning bridges the gap between where we are and where we want to go? Explain in brief.

Q.

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

Q.

What Are the Types of Planning?

Q.

Briefly explain the following features of planning :

(i) Planning is pervasive (ii) Planning is continuous

(iii) Planning is futuristic

Q.

What does pyramid form of levels of management indicate?

Q.

The design team should not produce more than one prototype? Yes or no.

Q.

This function of management relating to laying down the foundation for carrying out the other functions of management successfully is________.

1. Staffing

2. Organising

3. Planning

4. Controlling

Q.

Which function of management is considered as the base of all other functions?

Q.

Give the meaning of 'strategy' and 'rule' as types of plans.

Q.

"Planning provides basis of control". Explain.

Q.

Why is it that organisations are not always able to accomplish all their objectives?

Q.

Is planning actually worth the huge costs involved? Explain.

Q.

What are the main features to be considered by the management while planning?

Q.

Which of the following are features of an ideal plan?

1. Ideal plan should be goal oriented

2. Ideal plan must be futuristic

3. Ideal plan should be permanent

4. Ideal plan should be flexible

Q.

Grand Fine Rice Ltd. has the largest share of 55% in the market. The company's policy is to sell only for cash. In 2015, for the first time company's number, one position in the industry has been threatened because other companies started selling rice on credit also. But the managers continued to rely on its previously tried and tested successful plans which didn't work because the environment is not static. This led to a decline in sales of the company. The above situation is indicating two limitations of planning which led to a decline in its sales.

1. Planning does not guarantee success.

2. Planning leads to flexibility

3. Planning reduces cost

4. Planning may not work in a dynamic environment.

Q.

If planning involves working out details for the future, why does it not ensure success?

Q.

Planning is theoretical whereas controlling is practical.

Q.

A Good Plan Should Be

---

1. Expensive

2. Based

3. Time Consuming

4. Flexible

Q.

Planning provides the bases for all other functions of management. Comment.

Q.

Which of the following statements does not highlight the relationship between planning and controlling?

1. Planning and controlling are inseparable twins of management.

2. Planning without controlling is meaningless, controlling without planning is blind.

3. Planning is prescriptive, controlling is evaluative.

4. Planning and controlling are interrelated and interdependent.

Q.

Name the function of management which involves setting objectives and developing appropriate courses of action to achieve these objectives.

1. Organising

2. Staffing

3. Planning

4. Directing

Q.

Organising can be defined as _______.

Q.

What are the main features to be considered by management while planning?

Q.

At which level of management more time is consumed on planning as compared to other levels.

1. Top Level

2. Middle Level

3. Low Level

4. All of the above

Q.

Red Ltd. company believed that they could maximise their profits by producing hair gels at large scale. Conversely, Blue Ltd. company who also sells hair gels laid more emphasis on society and customers' need rather than quantity of hair gels. Blue Ltd grew within a few years and reached the heights of the business environment while Red Ltd. is suffering losses and is on the edge of closing down.

(i) What could be the possible reasons for Red Ltd. closing down?

(ii) Which marketing management philosophy do you think both the companies followed?

(iii) How can Red Ltd. company overcome its depressed position?

Q.

"The directors of XYZ Ltd are of the opinion that all decisions and plans are to be framed by them, and therefore, no planning is required at lower levels of management'. Refute this statement.

1. True

2. False

Q.

A firm wants to increase its sales by 25% in the coming year. Suggest two steps which should be examined critically by a manager.

Q.

'No enterprise can achieve its objectives without systematic planning.'

1. True

2. False