Question

Name the sequential steps taken in the planning process.

Hint:

A systematic planning process ensures that goals are achieved efficiently and resources are optimally utilized.

Answer 1

The planning process involves the following sequential steps:
1. Setting Objectives: Determining the goals the organisation aims to achieve.
2. Developing Premises: Assessing the assumptions about future conditions that may impact plans.
3. Identifying Alternatives: Listing out different courses of action that can achieve the objectives.
4. Evaluating Alternatives: Analysing each alternative for feasibility, risk, and profitability.
5. Selecting the Best Alternative: Choosing the most appropriate plan after thorough evaluation.
6. Implementing the Plan: Putting the selected plan into action through coordination and communication.
7. Monitoring and Reviewing the Plan: Regularly tracking the progress to ensure adherence to the plan and making adjustments if needed.