Q.9 Explain the following statements related to the planning function of management:
Planning is closely connected with creativity and innovation
(a) Planning will be a futile exercise if it is not acted upon or implemented.
(mm) Planning is the most challenging activity for the management
() Planning is a pre-requisite for controlling.
() Planning is purposeful.
(v) Planning is not an exclusive function of top management.
Answers
Answer:
GAIL India, which has had a monopoly in the gas transmission sector is set to see some tough competition in the coming days. While Reliance is poised to get into the trunk pipeline segment, British Gas is trying to get into the city gas distribution sector. GAIL’s new chairman, shares his thoughts on how he plans to take the company ahead.
What are GAIL’s main priorities?
Going by its business strategy, the focus areas are gas sourcing, transmission, marketing, processing, petrochemicals, globalisation and city gas distribution. We are focussing on sourcing of gas from indigenous finds and through LNG and crossborder pipelines. We intend to develop the gas market by extending our gas grid from 5,600 km to 10,000 km. The city gas project is expected to rise from 6 to 45 by the end of the 11th five year Plan.