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Consider the following statements regarding Planning in management:

  1. Planning is always a one-time activity designed for a fixed time frame and does not require revision once implemented.
  2. Planning has primacy over other managerial functions as it lays the foundation for organising, staffing, directing and controlling.
  3. Luther Gullick’s acronym POSDCORB includes ‘Controlling’ as its last function.
  4. According to Henry Fayol’s POCCC, ‘Commanding’ is a function distinct from ‘Directing’.

    Aii, iv

    Biv only

    Cii only

    DAll

    Answer:

    A. ii, iv

    Read Explanation:

    • Planning is a continuous process due to the dynamic business environment. Plans must be reviewed and revised.

    • Primacy of planning means it precedes other managerial functions and provides direction.

    • In POSDCORB, ‘B’ stands for Budgeting, not Controlling.

    • Fayol’s POCCC: Planning, Organising, Commanding, Coordinating, Controlling — Here, ‘Commanding’ is broader than ‘Directing’.


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    Which of the following is NOT a characteristic of planning?

    Evaluate the following statements related to the steps in the planning process: Which of the above statements is/are correct?

    1. Formulation of derivative plans is the final step in the process, which involves follow-up and appraisal to ensure the plan is working as intended.
    2. Securing cooperation involves taking subordinates into confidence once the plan is designed, which can lead to motivation and valuable suggestions.
    3. The process begins with the Establishment of Planning Premises, which are assumptions about future events that could happen.