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Planning

Question

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Differentiate between ‘Policy’ and ‘Rule’ as types of Plans.

Solution

Difference between Policy and Rule:

Basis of Difference	Policy	Rule
1. Meaning	Policy is a general guideline which brings uniformity in decision making.	A rule is a statement that tells us what is to be done and what is not to be done in a particular situation.
2. Freedom in Decision	A manager can use his discretion while using policy.	A rule does not allow any discretion to the manager.

Some More Questions From Planning Chapter

Define Planning.

Planning is the basic function of management. Explain.

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.

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