List – I List – II (a) Objectives (i) Reveal priorities (b) Strategies (ii) Retreats (c) Policies (iii) Potential actions (d) Periodical conduct of strategic management meeting (iv) Mainly address repetitive/recurring situations
Codes :
Solution: Matching Strategic Management Concepts
This question requires matching key strategic management terms from List I with their appropriate definitions or descriptions in List II.
Understanding Objectives and Priorities
Objectives represent specific, measurable, achievable, relevant, and time-bound (SMART) goals. They define what an organization seeks to accomplish and clearly indicate the organisation's direction and focus, thus serving to reveal priorities.
Understanding Strategies and Potential Actions
Strategies are the broad plans and approaches devised to achieve the set objectives. They outline the methods and resource allocation to gain a competitive advantage, representing the potential actions the organization might take.
Understanding Policies and Recurring Situations
Policies are established rules and guidelines that dictate decision-making processes within an organization. They ensure consistency and standardize responses, particularly for repetitive/recurring situations and routine operations.
Understanding Strategic Meetings and Retreats
The periodical conduct of strategic management meetings involves dedicated sessions where leadership reviews performance, analyzes the environment, and formulates future plans. These intensive working sessions, often held away from the usual work environment to foster focus, are commonly referred to as retreats.
Final Matching Summary
Based on these definitions, the correct matches are:
- (a) Objectives align with (i) Reveal priorities.
- (b) Strategies align with (iii) Potential actions.
- (c) Policies align with (iv) Mainly address repetitive/recurring situations.
- (d) Periodical conduct of strategic management meeting aligns with (ii) Retreats.
This corresponds to the code (a)-(i), (b)-(iii), (c)-(iv), (d)-(ii).
Important Questions from Planning - Teaching
- Arrange the steps of Programme planninmg in a sequential order
A. Identify the Problem
B. Analyse Situation
C. Collection of facts
D. Develop a plan of work
E. Decide on the objectives
Choose the correct answer from the options given below - Arrange the steps of Extension Campaign Planning in their sequential order :
I. Draw a concrete plan
II. Identify the local needs
III. Arrange for supplies and support
IV. Choose the Appropriate Methods and Media
V. Decide the dates and time - Choose the activities involving mental effort in home making :
I. Reaching
II. Reasoning
III. Watching
IV. Thinking
V. Decision making
Codes : - Assertion (A) : A family budget is a way of detailing future expenses under different headings.
Reason (R) : It helps the family to live within the family’s income.
Codes : - Arrange the steps in making time plans in the proper sequence.
I. Merge individual plans with other plans for coordination.
II. Determine time sequence.
III. List all items to be included.
IV. Set down as accurate an estimate of time for each task.
V. Bring total estimated time needed and total available time into harmony.
VI. Write out plan.
Codes :
