Question

In which step of the planning process the best and most feasible plan will be chosen to be implernented?

Selecting an alternative

Developing premises

Evaluating alternative courses

Setting Objectives​

Answer 1

During the process of selecting an alternative, the best and most feasible plan will be chosen to be implemented.

Once the organization/managers have come out with various plans, they will need to choose the one that is the most effective and efficient.

There are mainly seven steps in the process of planning.

1. Setting objectives

Before coming out with a plan, you first need to figure out for what purpose you want to plan/what goals you want to achieve using your plans. Every organization has been set up to achieve a specific goal.

2. Developing premises

Plans do not always work out due to the dynamic atmosphere of the business world. Policies and objectives may keep changing depending upon the economic stability and the planner must figure out the possible uncertainties that may arise.

3. Identifying alternative courses of action

After identifying the goals and uncertainties, you need to frame out a plan. In most cases, there will always be more than one approach to a goal. The planner must lay out the possible approaches to achieve the objectives.

4. Evaluating alternative courses

Once you've framed out the various possible approaches, you need to go through them one by one and figure out the advantages and disadvantages of adopting that approach.

5. Selecting an alternative

As mentioned in the question, once you've figured out the pros and cons of each approach, you need to adopt the one that is the most affordable and advantageous.

6. Implementing the plan

Once you've selected a plan, you can immediately start working as per it, performing the required functions, i.e., putting the plan into action.

7. Follow-up action

Most people tend to deviate from the plan/tend to put off the work for a later time. It's important to monitor the activities being performed and ensure that progress is being made towards following the plan and achieving the required goal.

Answer 2

Selecting an alternative is the correct option.

Explanation:

The best and most feasible plan will be chosen to be implemented in "selecting an alternative" step of the planning process.

The planning function of management involves eight steps to set the goals of the company and then managing the resources to achieve those goals.

The steps are:

• Recognizing Need for Action.
• Setting Objectives.
• Developing Premises.
• Identifying Alternatives.
• Examining Alternate Course of Action.
• Selecting the Alternative.
• Formulating Supporting Plan.
• Implementation of the Plan.