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Planning is the most challenging activity for the management as ______
  • a)
    it guides all future actions leading to growth and prosperity of the business
  • b)
    specific goals are set out in the plans along with the activities to be undertaken to achieve the goals
  • c)
    if there was no planning, employees would be working in different directions and the organisation would not be able to achieve its desired goals
  • d)
    None of the above
Correct answer is option 'A'. Can you explain this answer?
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Planning is the most challenging activity for the management as ______...
Importance of Planning in Management

Planning is one of the most crucial activities for the management of any organization. It involves setting goals and objectives and determining the activities required to achieve those goals. The following are some of the reasons why planning is considered to be the most challenging activity for the management:

Guides Future Actions

Planning guides all future actions leading to growth and prosperity of the business. It helps the management to anticipate the future and prepare for it. By setting goals and objectives, the management can focus its efforts on achieving them and ensure that all actions are directed towards the desired outcome.

Sets Specific Goals

In planning, specific goals are set out along with the activities to be undertaken to achieve the goals. This helps the management to measure progress and evaluate the effectiveness of its efforts. By setting specific goals, the management can also ensure that all employees are working towards the same objectives.

Ensures Coordination

If there was no planning, employees would be working in different directions and the organization would not be able to achieve its desired goals. Planning ensures that all activities are coordinated and directed towards the same objectives. It also helps to identify potential conflicts and enables the management to take corrective actions.

In conclusion, planning is considered to be the most challenging activity for the management as it requires a lot of effort and resources. However, it is also one of the most important activities as it guides all future actions leading to growth and prosperity of the business. Effective planning can help organizations to achieve their goals and objectives, while poor planning can lead to failure and loss of resources.
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Direction: Read the following text and answer the below questions :A very innovative firm has decided to increase its sales. The company is good but they have noticed that their growth has stagnated for the last couple of years. The top management calls for an emergency meeting. For this, they have outlined a series of activities to be performed by each person. The people are told the activities they have to perform. Thus, the work is divided among individuals. The efforts taken by the firm turn out to be very productive for the organisation and it gains huge profit. The newspapers and management institutes also praise the company for its high standards of management. However, as time passes the size of the organisation grows and thus they think of bringing another concept of management with a lot of precision. This concept of management is not voluntary but rather based on a lot of clear cut thinking in advance. The main idea is to reduce confusion among the employees regarding any of the activities they have been assigned.Find out one characteristic of the concept highlighted in the above case.

Direction: Read the following text and answer the below questions :A very innovative firm has decided to increase its sales. The company is good but they have noticed that their growth has stagnated for the last couple of years. The top management calls for an emergency meeting. For this, they have outlined a series of activities to be performed by each person. The people are told the activities they have to perform. Thus, the work is divided among individuals. The efforts taken by the firm turn out to be very productive for the organisation and it gains huge profit. The newspapers and management institutes also praise the company for its high standards of management. However, as time passes the size of the organisation grows and thus they think of bringing another concept of management with a lot of precision. This concept of management is not voluntary but rather based on a lot of clear cut thinking in advance. The main idea is to reduce confusion among the employees regarding any of the activities they have been assigned.Identify in the above lines a concept of management discussed which the company tries to bring.

Direction: Read the following text and answer the below questions :A very innovative firm has decided to increase its sales. The company is good but they have noticed that their growth has stagnated for the last couple of years. The top management calls for an emergency meeting. For this, they have outlined a series of activities to be performed by each person. The people are told the activities they have to perform. Thus, the work is divided among individuals. The efforts taken by the firm turn out to be very productive for the organisation and it gains huge profit. The newspapers and management institutes also praise the company for its high standards of management. However, as time passes the size of the organisation grows and thus they think of bringing another concept of management with a lot of precision. This concept of management is not voluntary but rather based on a lot of clear cut thinking in advance. The main idea is to reduce confusion among the employees regarding any of the activities they have been assigned.Identify the function of management highlighted in the above lines which the company follows

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Planning is the most challenging activity for the management as ______a)it guides all future actions leading to growth and prosperity of the businessb)specific goals are set out in the plans along with the activities to be undertaken to achieve the goalsc)if there was no planning, employees would be working in different directions and the organisation would not be able to achieve its desired goalsd)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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Planning is the most challenging activity for the management as ______a)it guides all future actions leading to growth and prosperity of the businessb)specific goals are set out in the plans along with the activities to be undertaken to achieve the goalsc)if there was no planning, employees would be working in different directions and the organisation would not be able to achieve its desired goalsd)None of the aboveCorrect answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Planning is the most challenging activity for the management as ______a)it guides all future actions leading to growth and prosperity of the businessb)specific goals are set out in the plans along with the activities to be undertaken to achieve the goalsc)if there was no planning, employees would be working in different directions and the organisation would not be able to achieve its desired goalsd)None of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Planning is the most challenging activity for the management as ______a)it guides all future actions leading to growth and prosperity of the businessb)specific goals are set out in the plans along with the activities to be undertaken to achieve the goalsc)if there was no planning, employees would be working in different directions and the organisation would not be able to achieve its desired goalsd)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
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