Planing Flashcards
What is Planning in simple words?
It’s deciding in advance what is to be done and how to do it.
Why is planning closely linked with creativity and innovation?
Because in planning the managers must formulate the idea of how to work on a particular task.
What does planning seek to do?
It seeks to bride the gap between where you are and where you want to be.
Define Planning?
Planning is setting objectives for a given time period, formulating various courses of action to achieve them. And then selecting the best possible alternative from among the various courses of action.
Why should we plan?
It tells us where to go, it provides direction and reduces the risk of uncertainty by preparing forecasts.
What are the importance planning?
Planning provides Direction. It reduces the risk of uncertainty.
Reduces wasteful and overlapping activities. It promotes innovation. Facilitates decision making. And it establishes standard of control.
How does planning provide direction?
Planning states in advance how things are to be done. And clearly states the objective of the organization. And so employees are well aware of what they should do and how they should do it. And it bring coordination among departments.
How does planning minimize the risk of uncertainty?
Planning tries to forecast future events and tries to anticipate changes in the envirment. And also shows how to deal with uncertainty. But does not eliminate risk.
How does planning reduce overlapping and wasteful activities?
Planning acts as a basis of coordinating various business activities and helps in avoiding confusion and misunderstanding. Since planning ensures clarity in work, thought and action operations carried out smoothly.
How does planning promote innovation?
Planning is the first function of management and thus gives an opportunity for new ideas to take shape into concrete plans.
How does planning facilitate decision making?
Planning means looking into the future and making a choice from the various alternative courses of action. Mangers have to take the most viable decision and helps the managers take the most rational decision.
How does planning establish a standard of control?
Planning sets predetermined goals that have to be achieved. Thus it provides the goals and standards against which the actual performance have to be achieved.
What are the features of planning?
Goal-Oriented. It’s the primary function of management. It’s pervasive. It’s continues. Planning is futuristic. It involves decision making. It’s a mental exercise.
What do you mean by ‘Planning focuses on end result’?
Planning focuses on the end point and how to reach that point. Thus planning is purposeful.
Why is planning the primary function of management?
Because it the base for every other function. Every other function are performed within the framework of the plan. This is also called the primacy of planning.
Why is planning called pervasive?
Planning is used by all levels management, it is used by all departments and it’s used by all kinds of organizations. However the scope of planning may differ across different levels.
What do you mean by planing is continues?
Plans are made for specific period of time and after that period a new plan is made according to new needs. So it means a plan is framed, it’s implemented and then is followed by a new plan.
Why is planning futuristic?
Planning is essentially looking ahead and preparing for the future. So it tries to peep into the future and tries to forecast future events i,e anticipate changes in the future.
How does planning involve decision making?
Planning involves thorough examination and evaluation each alternative action and choosing the best and most appropriate out of them.
How is planning a mental exercise?
Planning requires application of intelligent imagination, foresight and sound judgement. And it requires logical and systematic thinking. Planning is thinking more than doing.
What are the limitations of planning?
It often leads to rigidity. It may not work in a dynamic environment. It reduces creativity of subordinates. It has huge costs. It’s very time consuming and it does not guarantee any success.
How does planning lead to rigidity?
Once a specific plan has been drawn the course of action of manages is also decided. This may lead to rigidity as managers are not flexible enough to change with changing world.
Why does plan not work in a dynamic environment?
Every thing in the business environment is at a constant change foreseeing all these changes is not possible. There could a lot of problems hindering the effectiveness of the plan, as some changes could not be accommodated in the paln.
How does planning reduce creativity?
Most plans are made by the top management and the middle level managers are not allowed to deviate from the plan. Thus it blocks a lot of the creativity and initiative of these managers.
