Answer:
The first step in the process of planning is setting objectives. After that development of premises is done. Then various alternatives are identified. After this, the following steps are followed to complete the process of planning: (i) Evaluating Alternative Courses After making the list of various alternates along with the assumptions supporting them, the manager starts evaluating each and every alternative and note down the positive and negative aspects of each alternative. After this, the manager starts eliminating the negative aspects and the one with maximum positive aspects is selected as the best alternative. (ii) Selecting an Alternative This is the most crucial point of decision-making. The best plan has to be adopted and implemented. The ideal plan, of course, would be the most feasible, profitable and with least negative consequences. (iii) Implementing the Plan This is the step where other managerial functions also come into the picture. This step is concerned with putting the plan into action, i.e. doing what is required, e.g. If there is a plan to increase production, then more labour and machinery will be required. This step executes the main plan. (iv) Follow up Action To see whether plans are being implemented and activities are performed according to schedule, is also a part of the planning process. Monitoring the plans is equally important to ensure that objectives are achieved properly.
You need to login to perform this action.
You will be redirected in
3 sec
