Question:
(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 points of importance of ‘Planning’ function of management.
OR
(b) Explain the steps in the process of ‘Organising’ function of management.
OR
(b) Explain the steps in the process of ‘Organising’ function of management.
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Planning helps set direction and tackle the future with clarity!
Updated On: Jun 22, 2025
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Solution and Explanation
Planning is a crucial function of management due to the following reasons:
- Provides direction: It guides employees by setting clear goals and showing the path to achieve them.
- Reduces uncertainty: By anticipating future scenarios, planning helps managers be prepared.
- Encourages innovation: Planning forces managers to think creatively and strategically.
- Facilitates coordination: With defined plans, various departments can work in alignment with each other.
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Top Questions on Planning
- (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.
- (a) Exlpain any four limitations of "Planning".
OR
(b)Explain any four points of importance of "Oragnising". - ‘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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A carpenter needs to make a wooden cuboidal box, closed from all sides, which has a square base and fixed volume. Since he is short of the paint required to paint the box on completion, he wants the surface area to be minimum.
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- (iii) Creditors were paid ₹ 4,20,000 in full settlement.
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