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Business Studies

Types of Plans

"Kohinoor Foo...

Question

"Kohinoor Foods Ltd. has banned smoking in the factory premises." Identify the plan stated in the above lines.

A

Strategy

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B

Budget

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C

Rule

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D

Objectives

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Solution

The correct option is C
Rule

Rule: What has to be done, that needs to be followed in an organisation.

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Similar questions

Q. "KOHINOOR FOODS Ltd. has banned smoking in the factory premises".
(a) Identify the plan stated in above lines
(b) State the features of this plan
(c) Differentiate between policy and this plan

Q. ABC Ltd announced a plan that nobody would smoke in the organisation premises and they further added that certain penalty will be imposed on those employees overlooking this.
(i) Name the type of plan related to above para
(ii) Name the feature of that plan
(iii) Name the values emphasized by the company

You are a strategic analyst in XYZ Ltd. While developing the planning premises list out certain assumptions regarding

(i) Tangible and intangible premises

(ii) Controllable and uncontrollable premises

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

Q. 'Steelo Ltd.' decided to set-up its steel manufacturing factory in the backward area of Orissa where very less job opportunities were available. People of that area welcomed this effort of 'Steelo Ltd.' To attract people to work in its factory it also decided to Steele many other facilities like school, hospital, market etc. in the factory premises.
'Steelo Ltd.' started earning huge profits. Another competing company asked Rs production manager 'Aslam' to investigate the reasons of earning huge profits by 'Steelo Ltd.'
Aslam found that in both the companies there was systematic coordination among the various activities to achieve organisational goals. Every employee knew who was responsible and accountable to whom, The only difference was that in his organisation communication took place only through the scalar chain whereas 'Steele Ltd.' was allowing flow of communication in all the directions as per the requirement which lead to faster spread of information as well as quick feedback.
(a) Identify the type of organisation which permits 'Steelo Ltd.' the flow of communication in all the directions
(b) Slate another advantage of the type of organisation identified in (a) above.
(c) State any two values which 'Steelo Ltd.' wanted to communicate to the society.

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