Planning is primarily focused on ___ objectives within a certain timeframe.

Achieving specific

True or False: Planning is a one-time process that does not require regular adjustments.

False; planning is a continuous process that requires regular review and adjustment.

What is the role of flexibility in planning?

Flexibility in planning allows organizations to adapt to changes in the external environment or unforeseen circumstances.

Fill in the blank: Planning involves a systematic approach that includes analyzing the current situation, setting objectives, and identifying ___ courses of action.

Alternative

Riddle: I help you decide what to do and when to do it, guiding you toward your goals. What am I?

Planning

Explain the importance of coordination in the planning process.

Coordination in planning ensures that different departments or individuals work together towards common goals, optimizing the use of resources.

Planning provides a framework for making decisions by offering ___ and criteria for evaluating alternatives.

Clear direction

What are the key benefits of planning in an organization?

Planning provides direction for action, reduces uncertainty, minimizes wasteful activities, promotes innovation, facilitates decision-making, and establishes standards for controlling performance.

Planning reduces the risk of uncertainty by enabling managers to ___ and ___ changes.

Look ahead; anticipate

True or False: Planning is the final function of management.

False: Planning is the first function of management.

Fill in the blank: Planning serves as a basis for coordinating the activities and efforts of different departments and individuals, thereby reducing ___ activities.

Wasteful

Riddle: I am the first function of management, helping to pave the way for innovative ideas and decision-making. What am I?

Planning

How does planning facilitate decision-making in management?

Planning lays down targets which allows managers to evaluate alternatives and select the most viable option.

Fill in the blank: Planning provides the ___ against which actual performance can be measured.

Standards

What are some internal limitations of planning in organizations?

Internal limitations include rigidity, discouragement of initiative and creativity, high costs, time consumption, lack of guaranteed success, and reduction of creativity among lower management levels.

Planning may not work effectively in a ___ environment due to its dynamic nature.

Dynamic

True or False: Planning guarantees success for an organization.

False. Planning does not guarantee success; success depends on proper execution of the plans.

Fill in the blank: One external limitation of planning arises due to factors over which an organization has no ___ .

Control

What is a key cost associated with planning?

The formulation of plans involves huge costs.

Riddle: I can lead to rigidity and discourage creativity, but I am often necessary for success. What am I?

Planning

What is the impact of detailed planning on management creativity?

Detailed planning reduces creativity because it dictates how tasks should be done, limiting flexibility and new ideas.

What are the main factors that can lead to the failure of planning?

Changes in government policies, natural calamities, changes in competitors' strategies, regular technological changes, and shifts in economic and social conditions can all adversely affect the success of planning.