They represent the endpoint of planning.

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Solution

The correct option is C
Objectives

Answer (c) Objectives
Explanation: The main objectives of planning are to bring economy in managerial operations, to provide specific direction, to bring certainty in future events, to attain predetermined goals, to get victory over competitions, and to forecast.

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Similar questions

The four main elements of management. They are: planning, control, co-ordination and:

What are derivative plans and why they are formulated?

Santo Ltd. has to develop its organisational, plan for the current year and for this purpose they hire professional consultants from the United States. These consultants incurred a lot of money in a collection of facts, figures, surveys, etc., including the salaries of the consultants. This whole process of planning has already proved to be a very costly affair and the eventual total cost may exceed the gains expected from the plan. In addition, the top management did not involve a middle and supervisory level of management during the planning process. These two levels of management are neither allowed to deviate from their plans nor are they permitted to act on their own. They keep thinking along the same lines as others so that nothing new or innovative gets added to the process.

(i) Should Santo Ltd, continue with existing planning with consultants from the United States? Explain with reasons. Also explain, which limitation of planning is reflected in this case?

(ii) Which limitation of planning is reflected when top management does not involve a middle and supervisory level of management during the planning process the above case? What remedial steps can Santo Ltd., take to overcome this limitation?

The top management of Phospher Ltd. is engaged in organisation planning but they do not involve middle and supervisory level of management. These two levels of management are neither allowed to deviate from their plans nor are they permitted to act on their own. They keep thinking along the same lines as others so that nothing new or innovative gets added to the process.

(i) Which limitation of planning is reflected in above case?

(ii) What is the meaning of this limitation in the context of the case study?

(iii) What remedial step will Phospher Ltd., take to overcome this limitation?

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They represent the endpoint of planning.

The correct option is C ObjectivesAnswer (c) ObjectivesExplanation: The main objectives of planning are to bring economy in managerial operations, to provide specific direction, to bring certainty in future events, to attain predetermined goals, to get victory over competitions, and to forecast.

The correct option is C
Objectives

Answer (c) Objectives
Explanation: The main objectives of planning are to bring economy in managerial operations, to provide specific direction, to bring certainty in future events, to attain predetermined goals, to get victory over competitions, and to forecast.