Question

21. After completing her studies in product design, Sarah wishes to start her own business to design products to cater to the mobility and communication requirements of persons with special needs. She told her friend that she wanted to focus on supplying high quality and affordable products on “no profit – no loss basis”. The Unique Selling Proposition (U.S.P) of the products will be sensitivity to challenges and needs of the differently abled. She has to follow a series of steps to attain her predetermined objectives. In the above lines, Sarah has discussed about one of the functions of management. Identify the function and state its steps in chronological order other than the one discussed in the above para.



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Answer 1

The management function discussed by Sarah is Planning.

• Planning is described as the method of determining in advance the task to be carried out and the method to perform it.
• Sarah needs to follow a series of steps for her business. These are -

1. Development of premises involving making assumptions about future, upon which plans will be withdrawn.
2. Identification of alternative courses of action which may be used to achieve the set objectives as Sarah's product is sensitive to challenges.
3. Evaluation of possible courses of action and selection of the best option to analyse the viability and implications of each option before a decision is made.
4. Implementation of the plan which takes in into account seeing whether plans are put into action.
5. A follow up for seeing that the tasks are performed according to set plans.