NCERT Solutions for Class 12 Business Studies Principles and Functions of Management Chapter 4

Planning Class 12

Chapter 4 Planning Exercise Solutions

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Short answers : Solutions of Questions on Page Number : 110

Q1 :  

What are the main points in the definition of planning?


Answer :

Planning is a psychological process of 'thinking and deciding in advance' about 'what is to be done' and 'how it is to be done'. It is a mental activity, in which the manager decides about the goals to be achieved, and actions through which they are to be accomplished. It is futuristic in nature as it involves looking ahead, along with analysing and predicting the future. Planning can be defined as a process of setting up of goals and objectives for a given period of time, formulating alternatives for the course of action to be taken, and finally deciding an appropriate action from the various alternatives. The following are the main points in the definition of planning.

i. Setting Objectives: Planning must pertain to a particular objective. That is, there must be a definite objective for the achievement of which planning is to be done. 

ii. Time Period: The plan must be formulated for a definite time period. If planning is not done with a time frame, it may prove futile. This is because with time business environment changes and requires fresh planning and action. 

iii. Formulating Alternatives for Course of Action: Once the objective is decided, the next task is to decide how it is to be achieved. For the achievement of any objective there can be various alternative course of action. These alternatives must be appropriately formulated. 

iv. Deciding a Course of Action: From the various available alternatives, the best one must be decided.

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Q2 :  

How does planning provide direction?


Answer :

Planning states in advance what is to be done. It defines the goals and objectives to be achieved. These goals and objectives as stated in the plan gives direction to the managers about what course of action is to be followed for achieving them. Planning ensures clarity in thoughts so that the right action is taken in the right direction for the achievement of objectives. Planning ensures that each department in the organisation work in a coordinated manner towards the common objective of the organisation. That is, with planning each department knows exactly what is to be done and thereby, moves in the right direction. Without planning work would be done in a haphazard manner with each department going in different directions. Thus, planning ensures smooth functioning towards the desired goals of an organisation. 

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Short answerslong answers : Solutions of Questions on Page Number : 111

Q1 :  

Why is it that organisations are not always able to accomplish all their objectives?


Answer :

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Q2 :  

What are the main features to be considered by the management while planning?


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Q3 :  

Do you think planning can work in a changing environment?


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Q4 :  

What are the steps taken by management in the planning process?


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Q5 :  

If planning involves working out details for the future, why does it not ensure success?


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Q6 :  

Is planning actually worth the huge costs involved? Explain.


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Q7 :  

Why are rules considered to be plans?


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Q8 :  

What kind of strategic decisions are taken by business organisations.


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Principles and Functions of Management - Business Studies : CBSE NCERT Exercise Solutions for Class 12th for Planning will be available online in PDF book form soon. The solutions are absolutely Free. Soon you will be able to download the solutions.

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