Arrange the following steps of a company's planning process in the correct sequence.
(A) Develop premises
(B) Set objectives
(C) Select an alternative
(D) Implement the plan
Choose the correct answer from the options given below:
Arrange the following steps of a company's planning process in the correct sequence.
(A) Develop premises
(B) Set objectives
(C) Select an alternative
(D) Implement the plan
Choose the correct answer from the options given below:
Solution
Option 1 -> Starting with developing premises before setting objectives is illogical as you need to know your goals first.
Option 2 -> Selecting alternatives before setting objectives doesn't make sense as alternatives are chosen to achieve objectives.
Option 3 -> Implementing the plan before selecting an alternative is incorrect as you need to choose a course of action first.
Option 4 -> Follows the logical planning sequence: first set objectives (what to achieve), then develop premises (assumptions/forecasts), then select best alternative (decision-making), and finally implement the plan (execution).
Hence, Option 4: (B), (A), (C), (D) -> This represents the correct planning process sequence where objectives are set first to provide direction, premises are developed to create a planning foundation, an alternative is selected from available options, and finally the plan is implemented -> correct
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