Planning Business Studies - Planning

Planning is the

Making assumptions for future is called

The composite plan which involves setting up of long term objective finding course of action and allocation of resources is called

The plan which includes objective, policy, procedure and rule is called

Standardised way in which a task has to be performed is called

State the main aspects in the concept of planning.

What is meant by single use plan?

Define 'Planning premises'.

A company needs a detailed plan for its new project-construction of shopping mall. What type of plan is it?

Rajeev, the owner of Pathways Constructions decided to start a campaign to create awareness among people for developing clean surroundings in their area. He formed a team of 10 members to list the different ways for cleaning the surroundings. One suggested to take the help of local residents, another suggested that they may involve school-going children in their venture. One more suggestion was to take the help of unemployed youth. On evaluation of different ways, it was decided to take the help of local residents. To achieve the desired goal various activities were identified like:(a) Purchase of necessary items like dustbins, garbage bags, brooms, etc.;(b) Collection of garbage;(c) Disposal of garbage, etc.After identification of different activities the work was allocated to different members.(i) Identify the concepts of management involved in the above situation and quote the lines which help in their identification.(ii) Also identify the values which the company wants to communicate to the society.

After completing her studies in product design, Sarita wishes to start her own business to design products to cater to the mobility and communication requirements of persons with special needs. She told her friend that she wanted to focus on supplying high-quality products at affordable prices. The Unique Selling Proposition (U.S.P) of the products would be sensitivity to the challenges and needs of the differently abled people. She wants to employ only differently abled persons in her factory and sales offices across the country. This decision of Sarita provides the base for interpreting her strategy. This also defines the broad parameters within which the company may recruit the persons. Sarita has also to decide about the exact manner and the chronological order of how the selection of the differently abled applicants will be done. In the above lines, Sarita is discussing about one of the functions of management. This function has several types. Identify and explain the types Sarita is discussing in the above lines.

Suhasini a home science graduate from a reputed college has recently done a cookery course. She wished to start her own venture with a goal to provide 'health food' at reasonable price. She discussed her idea with her teacher (mentor) who encouraged her. After analysing various options for starting her business venture, they shortlisted the option to sell readymade and 'ready to make' vegetable shakes and sattu milk shakes. Then, they both weighed the pros and cons of both the shortlisted options.(a) Name the function of management being discussed above and give any one of its characteristics.(b) Also briefly discuss any three limitations of the function discussed in the case.

An electronic company is facing a problem of declining market share due to increased competition from other new and existing players in the market. Its competitors are introducing lower price models for mass consumers. Who are price sensitive? For quality conscious consumers company is introducing new model with added features and new technological advancements.

Repeat use plans are known as___________.

Planning bridges the gap between where we are standing and where we want to____________.

__________includes entire gamut of activities.

__________spell out actions and non actions of employees.

The blue print of business is called___________.

Programme is a comprehensive plan including objective, policy, procedure, etc.

Methods and procedures are same type of plan.

Planning provides base/standard for controlling.

Policy is the organisation's way of working.

Budget is a standing plan.

A company is manufacturing garments. The manager wants to increase the profit by:(a) Purchasing new high speed machine(b) Increasing the sale price(c) Using waste material in manufacturing stuff toysHe decided that using waste material to increase the profit is the best solution for him.(i) Identify the concept of management involved(ii) State any four features of that concept.

Rahul, a worker is given a target of assembling two computers per day. Due to his habit of doing things differently, an idea struck him, which would not only reduce the assembling time of computer but also reduce the cost of production. But instead of appreciating his idea, his supervisor scolded him and asked him to complete the work as per the prescribed technique. Identify and describe the limitations of planning stated here.

PK Ltd. has been well-known for delay in decision-making and overlapping of work done. Identify the management function lacking in the organisation and state the importance of this function.

KOHINOOR FOODS Ltd. has banned smoking in the factory premises.(a) Identify the plan stated in above lines.(b) State the features of this plan.(c) Differentiate between policy and this plan.