Which step of planning process involves other managerial functions as well and leads to 'doing what is required'?
Implementing the plan
Planning is a fundamental function of management. It involves deciding in advance what to do, when to do it, how to do it, and who is to do it. It bridges the gap from where we are to where we want to go. The planning process typically involves several steps. One of these steps is crucial because it integrates various other managerial functions and translates the plan into concrete action, leading to the actual "doing what is required".
Let's examine the key steps in the planning process to identify the one described in the question:
The question asks for the step that involves other managerial functions and leads to 'doing what is required'. Looking at the steps, 'Implementing the Plan' is the stage where the abstract plan is converted into reality. This step requires the active use and coordination of other managerial functions:
Thus, implementing the plan is where the plan interfaces directly with the other managerial functions to ensure that the actual 'doing what is required' takes place effectively.
Let's consider why the other options do not fit the description:
Therefore, 'Implementing the plan' is the step that most directly involves other managerial functions and leads to the actual execution or 'doing what is required' according to the plan.
| Planning Step | Brief Description | Involves other managerial functions? | Leads to 'doing what is required'? |
|---|---|---|---|
| Setting Objectives | Defining goals | Indirectly (goals guide all functions) | No (sets the target) |
| Developing Premises | Making assumptions | No | No (preparatory) |
| Identifying Alternatives | Finding options | No | No (exploring) |
| Evaluating Alternatives | Assessing options | No | No (evaluating) |
| Selecting an Alternative | Choosing the best plan | No | No (deciding) |
| Implementing the Plan | Putting plan into action | Yes (Organizing, Staffing, Directing, Controlling) | Yes (Execution phase) |
| Follow-up Action | Monitoring & reviewing | Yes (Controlling) | Indirectly (corrective actions) |
Planning is often considered the primary function of management because it provides the basis for all other functions. Without a plan, there is nothing to organize, staff, direct, or control. However, the successful execution of a plan is not possible without the support of these other functions. The implementation phase of planning acts as the bridge, integrating the decisions made during the planning phase with the resources, people, and processes managed by organizing, staffing, directing, and controlling.
Effective implementation requires strong coordination among different departments and individuals. It involves allocating budgets, assigning responsibilities, setting timelines for tasks, and ensuring that communication flows effectively throughout the organization. Problems during implementation can arise from poor organization, insufficient staffing, lack of clear direction, or inadequate control mechanisms. Therefore, the implementation step highlights the interconnectedness of all managerial functions in achieving organizational goals.
Cost of production increased because of sudden increase in transportation cost, which resulted in lesser profits. Which limitation of planning is highlighted in the aforesaid statement?
Phoenix Ltd. distributes 10% of their profits among their employees as incentives every year. Identify the type of plan reflected above.
"These are the routine steps on how to carry out activities. It provides the exact manner in which any work is to be performed." Identify the type of plan explained above.
"Plans once drawn with specific goals, the managers may not be in position to change it". Which limitation of planning is discussed in the above statement.
Which limitation of planning is being discussed?
From the following identify the short term, negotiable, self-liquidating instrument used to finance the working capital requirements of business firms.
"In the organisation every individual contributes to the organisational performance thus it ensures that the individual works for organisational goal." Identify the importance of directing.
Miss Kolkaslen is planning to take her business of home-made chocolates to a higher level. Kindly help her to identify the process of planning by selecting the right sequence of options given below:
A. Follow-up action
B. Identifying alternatives and evaluating each of them.
C. Implementing the plan.
D. Setting objectives and developing premises.
E. Selecting an alternative
Arrange the following functions of Management in a logical order.
A. Planning
B. Organising
C. Staffing
D. Directing
E. Controlling