A shoe manufacturing company wants to become a market leader. For this a detailed planning is required. The first step taken by the firm is to set targets for the three months duration for selling maximum number of shoes in the market which they set as 2,50,000. The team doesn’t want to make any mistake so they decide to do proper planning. They decide to chalk out alternative plans so that they can arrive at the best possible plan. However the team is surrounded with doubts. To remove doubts it goes for judging the plans to get the most profitable one. The plan is taken to the whole organisation and the concerned persons. Ultimately it is put into action. Without much caring for the results the company starts working on the other project simultaneously.Quoting the lines from the above para identify the steps in the planning process which have been applied by the organisation in the above case. (send the answer to google classroom)
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The following steps of the planning process have been applied by the company:
Explanation:
- 1. Setting Objectives
- The primary step taken by the organization is to set targets for the duration of three months for retailing the maximum number of shoes in the marketplace which they placed as 2,50,000.
- 2. Identifying Alternative Paths of Action
- The organization decided to chalk out alternate plans so that they can attain the best possible plan.
- 3. Evaluating the Different Courses of Action
- To eliminate doubts the company selected the plan which can be reflected as the most profitable.
- 4. Selection of The Best Plan
- The most suitable plan was confirmed.
- 5. Implementation of The Plan
- Ultimately the confirmed plan is put into action.
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