LESSON 5 PLANNING Written by : Ms. Amanpreet Kaur Revised by: Dr. Virender Kaushal
1. “Planning is thinking in advance.” Elaborate this statement with the help of suitable example. 2. Define plan. Discuss the different types of plans framed by an organisation by taking the example of Hydro Power Project Company. 3. What is planning? Discuss its need, significance and features.
4. What are the basic objectives of framing plans? Why it is essential to frame plans? Discuss 5. Differentiate between strategic and operational planning. 6. Discuss the features and significance of strategic planning. 7. Elaborate the characteristics and importance of operational planning.’ 8. “Without planning an organisation is nothing.” Discuss this statement with the help of suitable example. 9. What do you mean by decision and decision-making? Discuss the process of decisionmaking. 10. Describe the various techniques of decision-making with suitable examples.
