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PLANNING — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMPLANNING3 Marks
Question
Explain the following statements :
$(i)$ “Planning is a conscious and mental process.”
$(ii)$ “Planning is irrelevant.”
$(iii)$ “Planning is concerned with future.”
✓

Answer

$(i)$ “Planning is a conscious and mental process.”
Answer:
Conscious and mental process:
Planning is done using mental abilities while remaining conscious about the outcomes.
This is so because during planning decisions are taken consciously and on the basis of calculative assumptions.
$(ii)$ “Planning is irrelevant.”
Answer:
Planning is irrelevant:
Although planning is extremely important but future is uncertain. There are chances of changes in government policies, tax slabs, price, demand, supply, etc.
-> Any major change can fail even a solid plan and hence planning becomes irrelevant in such a situation.
$(iii)$ “Planning is concerned with future.”
Answer:
Concerned with future:
  • Planning presumes that there are uncertainties involved in future.
  • While remaining in present, planning evaluates future and hence we can say that planning is concerned with the happenings of future and is focused on – taking best steps for the same.

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