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Planning definition

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Planning definition

Posted by Kashish Mittal 4 years, 6 months ago

CBSE > Class 12 > Business Studies

1 answers

Meghna Thapar 4 years ago

In organizations, planning can become a management process, concerned with defining goals for a future direction and determining on the missions and resources to achieve those targets. To meet the goals, managers may develop plans such as a business plan or a marketing plan. ... Planning reduces risks.. Planning is the process of thinking about and organizing the activities required to achieve a desired goal. ... Planning is also a management process, concerned with defining goals for a company's future direction and determining the missions and resources to achieve those targets.

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Relo Ltd. is laptop manufacturing company. The company decides to enter into refrigerator manufacturing industry. The compathahasa committed top management. It knows that there are various challenges in the market where its decisions regarding the new industry might fail Still the top management doesn't want to waste a lot of resources on its plans. It knows that sometimes plans take more time in making than getting implemented. However, the company wants to proceed with a positive approach. It has decided to study all the aspects of its competitors, to set all its objectives and to allocate the required resources. The company did well in its previous business. At that time, they took planning very seriously as they knew everything the company would do had to be based on concrete plans. The company will start its operations from next month. Q. (i) Identify and explain the function of management that has been discussed in the above case? (ii) Identify and explain the limitations of the function identified in above (i)

Posted by Deexita Swarnkar 4 months ago

CBSE > Class 12 > Business Studies

0 answers

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Posted by Yuvraj Singh 4 months, 2 weeks ago

CBSE > Class 12 > Business Studies

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2. Hero Ltd.’s target is to produce 10,000 shirts per month at a cost of ₹ 150 per shirt. The Production Manager was able to produce 10,000 shirts at a cost of ₹ 140 per shirt but not within the stipulated time. As a result, there was loss of revenue. In this case the Production Manager is: a. effective but not efficient b. efficient but not effective c. Neither effective nor efficient d. All of these

Posted by Saku Shar 5 months ago

CBSE > Class 12 > Business Studies

1 answers

Don't post personal information, mobile numbers and other details.
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Posted by Naina Mishra 4 months, 2 weeks ago

CBSE > Class 12 > Business Studies

0 answers

Henri fayol ke principles workplace par Kitne apply ho rahi hai ya Nahi Hai

Posted by Anshika Aggarwal 5 months ago

CBSE > Class 12 > Business Studies

1 answers

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Vanshika Nandwani 4 months, 2 weeks ago

CBSE > Class 12 > Business Studies