Business Studies

Planning

Medium

Rita has been promoted as the planning head and the company is planning to launch a new product. What will be the correct sequence of the steps in the planning of the new product?

Set the objective, develop premises, evaluate and select alternate course of action, implement the plan, follow-up action.

Set the objective, identify and select the alternatives, implement the plan, develop the premises and follow-up action.

Developing premises for new products, setting objectives, identifying alternative options, implementing the plan.

Generation of ideas, implementing the alternatives, premise development and follow-up action.

✅ Correct Option: 1

Option 1 -> Follows the correct logical planning sequence: objectives first, then premises, evaluation/selection of alternatives, implementation, and finally follow-up action.

Option 2 -> Incorrect sequence as it places "develop the premises" after implementation, whereas premises should be established before identifying alternatives.

Option 3 -> Starts with developing premises before setting objectives, which is wrong. Objectives must be set first. Also missing the crucial evaluation/selection step and follow-up action.

Option 4 -> Completely incorrect sequence - begins with idea generation instead of setting objectives, and implements alternatives before developing premises, which is illogical.

Hence, Option 1 -> This follows the standard planning process: (1) Set objectives - define what to achieve, (2) Develop premises - establish assumptions about future conditions, (3) Evaluate and select alternatives - analyze options and choose the best, (4) Implement the plan - execute the chosen course of action, (5) Follow-up action - monitor and control execution. This logical sequence ensures systematic and effective planning for the new product launch. -> correct

2025: 24 May Shift 1

Arrange the following steps of the planning process in a logical sequence.

(A) Establishing Objectives

(B) Developing premises

(D) Selecting a Course of Action

Choose the correct answer from the options given below:

2025: 31 May Shift 1

Which of the following is NOT a feature of planning?

2023: 29 May Shift 2

Planning is an intellectual process that requires logic rather than wishful thinking. Which feature of planning is highlighted by the statement?

2026: 31 May Shift 1

"Managers have a tendency to rely on previously tried and tested successful plans." This statement is related to:

2025: 3 June Shift 2

Since planning is an activity, there are certain logical steps for every manager to follow. Identify the correct sequence from the options given below:

Selecting an alternative: This is the real point of decision-making.
Evaluating alternative courses: The next step is to weigh the pros and cons of each alternative. The best plan has to be adopted and implemented.
Follow-up action: Monitoring the plans is equally important to ensure that objectives are achieved.
Implement the plan: This is concerned with putting the plan into action.

Choose the correct answer from the options given below:

2025: 13 May Shift 1

Planning is an important function of management which involves defining the following:

(A) Setting objectives

(B) Deciding on plans, actions and strategies to achieve organisational goals

(D) Motivating and inspiring people to perform better

Choose the correct answer from the options given below:

Rita has been promoted as the planning head and the company is planning to launch a new product. What will be the correct sequence of the steps in the planning of the new product?

Solution

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