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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.

    AAll

    Bi only

    Cii, iii

    Dii only

    Answer:

    D. ii only

    Read Explanation:

    • The final step in the planning process is "Follow up/Appraisal of plans", not the formulation of derivative plans. Derivative plans are secondary plans that help achieve the main plan.

    • The planning process begins with the "Establishment of objectives", not the establishment of planning premises. Planning premises are assumptions about the future that are used to formulate the plan.


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    At what stage of an activity does Concurrent Control primarily take place?

    Consider the following statements regarding the characteristics of directing as a managerial function: Which of the above statements is/are correct?

    1. Directing is a continuous activity that a manager must perform at all levels of the organization throughout its life.
    2. Directing is the final step in the management process, coming after planning, organizing, and staffing.
    3. Directing is a managerial function that initiates action by issuing orders and instructions to subordinates.
      In the controlling process, the principle of management by exception means:
      What is the role of "planning premises"?