Question

Being a 'management guru', you feel that the adopted plan is not suitable for the company's growth. Suggest an ideal plan for your company and briefly discuss its characteristics.

Answer 1

An ideal plan should be effective, simple and should make the objectives of an organisation clear.

It helps in achieving the targets, reduces the risk of uncertainty, helps in coordination and encourages innovation and creativity. Some main characteristics are:

(i) Clarity: The objectives and goals to be achieved should be clearly defined.

(ii) Practicability: The plan should be based on facts and their implementation should be possible.

(iii) Flexibility: A plan should be flexible so that it can adopt the changes.