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Planning
Differentiate between ‘Objective’ and ‘Strategy’ as types of plans.
| Basis | Objective | Strategy |
| Meaning | Objectives are an end-point which has to be achieved. | Strategies are comprehensive plans to achieve organizational objectives. |
| Nature | Flexible, changes with the availability of relevant resources. | Flexible, identifies required resources. |
| Objective | Determined by the top management to align all departments accordingly. | A department prepares it as per top management. |
| Scope | Scope is wide as it covers all other plans like policies, strategies etc and covers overall business. | Scope limited to particular departments or business units. |
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Explain, how ‘planning is a mental exercise’.
Explain how “planning is a continuous process.”
Explain how planning is futuristic?
Why is planning an all-pervasive function of management?
The planning function of management is conducted at which level of management?
At which level of management more time is consumed on planning as compared to other levels?
One of the functions of Management is considered a base for all other functions. Name that function.
‘Planning is done for achieving the organisational goals’. Do you agree? Give one reason in support of your answer.
How is planning a pervasive function?
How does planning provide direction?
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