question_answer

Being a management guru, you feel that the adopted plan is not suitable for company?s   growth. Suggest an ideal plan for your company and briefly discuss its characteristics.

Answer:

An ideal plan should be effective, simple and should make the objectives of an organisation clear. It helps in achieving the targets, reduces the risk of uncertainty, helps in coordination and encourages innovation and creativity. Some main characteristics are: (i) Clarity The objectives and goals to be achieved should be clearly defined. (ii) Practicability The plan should be based on facts and their implementation should be possible. (iii) Flexibility A plan should be flexible, so that it can adopt the changes.