Business Studies, asked by Arnav4513, 9 months ago

Briefly explain the steps in the planning process

Answers

Answered by pinky162
6

Explanation:

planning planning is needed in order to solve a problem or take advantages of some profitable situation. in this contest a manager make analyse of the strength and weakness of the interprises.this analysis keeps in mind the internal and external environment of the enterprises.Puri example if the government is thinking of establishing and factory for the development some rural area and intelligent manager would certain like a take advantage of this situation. planning planning start from this very points. the following steps are generally taken in the business organisation during the planning process.

1. setting objective:-objective are those end points of for whose attainment all the activity are undertaken. in planning process objective determine and define first of all so that all the employees concerned can be informed about them to get their complete cooperation.

2. developing premises:-the basis of planning are those factor and option which influences the possible result of different alternate.before taking a final decision about any alternative of forecast of these and assumption is made.

3. identifying alternative course of action:-generally there is no work which has no alternative method of doing it.on the basis of the objective of the organisation and the limitation of planning alternative course of doing a particular work can be discovered.

4. evaluating alternative course:-all those alternative course which are up to the expectations of the minimum preliminary criteria are selected for intensive study.

5. selecting an alternative:-after a careful analysis of different alternative the best one is selected. sometime the analysis yelled more than one alternative course with similar merits.

6. implementing the plan:-after having decided the chief plan and the subsidiary plan they are to be implemented. after implementing the plan the sequence of different activities has to be decided.

7. follow up action:-the process of planning does not end with the implementation of plan. plan are formulated for future which is uncertain. it is of great importance that there is constant review of plan so as to ensure your success in the uncertain future.

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