Q5. Having transformed 2500 Kirana stores across eight cities into virtual super markets, the starts up Quick Bizz
further decided in advance , to collaborate with 15,000 - 20,000 stores owners in top 30 cities of the country by the
end of this year. the company has set its eye on digitizing over 1,00,000 kirana stores over next 18-24 months.
(a) Identify and explain the step in the process of one functions of management discussed above.
(b) Also explain the last step to be performed by Quick Bizz as part of the process.
Answers
Planning Process
Explanation:
a) The function of management discussed in the above case is Planning.
The Planning Process which is mentioned is Setting Objectives.
The first and foremost step involved in the planning process is setting objectives. this specifies what the organization wants to achieve. Objectives must be stated clearly for the entire organization and for all departments, units and employees. It helps in giving direction to all.
b) The last step to be performed by Quick Bizz as part of planning process. is Follow-up Action. This step helps in determining whether plans are being implemented and activities are being performed according to the plans laid out. This step includes monitoring of plans which is a crucial task as it helps to verify whether the organization is working properly or not. If not, then immediate changes are made in plans.