(a) Exlpain any four limitations of "Planning".
OR
(b)Explain any four points of importance of "Oragnising".
OR
(b)Explain any four points of importance of "Oragnising".
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Solution and Explanation
- Planning leads to rigidity
- Cannot cope with dynamic environment
- Reduces creativity
- Involves high cost and time
- Specialization
- Clarity in working relationships
- Optimum resource utilization
- Growth and expansion facilitated
Top Questions on Planning
- (a) Explain any four points of importance of ‘Planning’ function of management.
OR
(b) Explain the steps in the process of ‘Organising’ function of management. - (a) Explain any four characteristics of planning.
OR
(b) Explain any four points of importance of decentralisation. - ‘Leno’ is a reputed car manufacturing company, which is going to complete its 75 years in October 2024. The Chief Executive Officer of the company decided to take the company to a higher level. For this he called a meeting of all departmental heads of the company. In the meeting, the Chief Executive Officer proposed a target to increase sales by 10% and profits by 20% in its Platinum Jubilee year. The Human Resource Manager estimated that an increase of 500 workers would be required to achieve the target. The Finance Manager suggested that the company must hold adequate cash balances for various purposes, and he will prepare a statement showing the estimated cash inflows and outflows for this particular period. Identify and explain two types of plans discussed in the above case.
- ‘Leno’ is a reputed car manufacturing company, which is going to complete its 75 years in October 2024. The Chief Executive Officer of the company decided to take the company to a higher level. For this he called a meeting of all departmental heads of the company. In the meeting, the Chief Executive Officer proposed a target to increase sales by 10 percent and profits by 20 percent in its Platinum Jubilee year. The Human Resource Manager estimated that an increase of 500 workers would be required to achieve the target. The Finance Manager suggested that the company must hold adequate cash balances for various purposes, and he will prepare a statement showing the estimated cash inflows and outflows for this particular period.
Identify and explain two types of plans discussed in the above case. - (a) State any four points of importance of planning function of management.
OR
(b) Explain the following types of plans :
(i) Objective
(ii) Programme
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Bittu and Chintu were partners in a firm sharing profit and losses in the ratio of 4:3. Their Balance Sheet as at 31st March, 2024 was as
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