Question
Explain how does planning facilitate decision-making.

Answer

Planning ensures foreseeing future and choosing the best alternative amongst the various alternatives. The manager evaluates the positive and negative aspect of each alternative and chooses the one with least negative consequence, having feasibility and profitability. Through this, a direction is provided to all the activities of the organisation which gives the basic guidelines to the manager for decision making.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Similar questions

Rahunath works as a human resource manager in ‘Vanshika Housing Ltd.’ a company engaged in the real estate business. He suggests to the Managing Director of the company to start a sports club in the office where friendly indoor matches can be organised amongst the employees on every Saturday.
In context of the above case :
  1. Identify the type of organisation that Rahunath is desirous of promoting in the company.
  2. State any three advantages of the type of organisation as identified in part (a) of the question.
Rajender has been running a successful business of manufacturing traditional wedding wear for women including sarees and lehengas. His friend Surinder who is engaged in the business of providing web designing solutions to his clients, suggests him to explore the option of selling his products online. Rajender agrees to his suggestion and decides to venture into online business, keeping in view the various e-commerce regulations in order to avoid imposition of any penalty. In order to facilitate the sale of his products, Rajender decides to offer multiple payment options such as cash on delivery, credit or debit card transactions, net banking to the buyers etc.
In context of the above case :
  1. Identify the two different types of plans mentioned in the above paragraph that relate to the online portal that Rajinder intends to startby quoting lines from the paragraph.
  2. Distinguish between the two types of plans as identified in part (a).
Enumerate any six points of the characteristics of coordination.
Explain how planning reduces the risk of uncertainty.
“Management is intangible.” Comment.
Define the terms motive', 'motivation and motivators'.
In which situations Vestibule Training is suitable? Give three points.
"External sources of recruitment are considered better than internal sources". Give any three reasons in support of this statement.
Explain by giving any three reasons why decentralisation is important in an organisation.
Raman is working as a plant superintendent in Tifco Ltd. Name the managerial level at which he is working? State any four functions he will perform as plant superintendent in this company.