Answer with explanation
Planning involves .................
A) Future Course of Action
B) Review of Past Performance C) Analysis of Policies
D) All of These
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Answer:
option B is correct..........
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0
Planning involves (A) future course of action.
Planning definition:
“Planning is deciding in advance what is to be done. When a manager plans, he projects a course of action for further attempting to achieve a consistent coordinate structure of operations aimed at the desired results.”- Theo Haimann
Planning:
- Planning provides a proper guidance in the required direction by eliminating the uncertainity and proper utlization of time. It also reduces unnecessary confusion and risks.
- Planning helps in producing innovative ideas and provides with better decision making. It also improves coordination and better economical handling.
- Limitations: Internal limitations includes rigidity, failure in dynamic environment, time-consuming, less creativity and false sense of security. External limitations includes competitions, government policies, natural disasters, technological changes, economic and social conditions.
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