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In 2015, Naveen left his luxurious life ...

In 2015, Naveen left his luxurious life in Mumbai, where he worked as a manager for Blue Birds Ltd. He shifted to Begampur, Chhattisgarh to fulfil his grandmother's dream of converting their 25 acre ancestral land into a fertile farm. For this, he set out specific goals alongwith the activities to be performed to achieve the goals. Every activity was a challenge since he was clueless about farming. He learnt every activity from filling the land to sowing the seeds.To aid farmers he launched his own company 'Innovative Agriculture Solutions Pvt. Ltd.
It was difficult initially as no one trusted an urban youth telling farmers about farming. But when everything was discussed in detail the farmers started taking interest. He wanted to ensure that the future events meet effectively the best interests of the company. Through sales forecasting, he prepared an annual plan for production and sales.
He also found that the farmers grew only paddy, which was an activity of 3-4 months and the land remained idle for the rest 8-9 months of the year. He not only identified but evaluated various alternatives through which the farms could be utilised for the remaining months of the year. Through correct foresight and logical and systematic thinking based on analysis of all facts, all alternatives were examined and evaluated He presented a plan to the farmers, where after harvesting paddy, vegetables could be grown
The above case highlights the features of one of the functions of management. By quoting lines from the above identify and explain these features

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Verified by Experts

Planning is the function of management referred in this case
(i) 'For this, he set........... his goals'
This line indicates the following feature of planning Planning focuses on achieving objectives Every organisation has a set of goals to be achieved. Planning involves setting goals and determining the most economical and viable course of action to achieve the predetermined goals. Thus, planning is purposeful
(ii) 'He not only .......... the year'
Thus, line indicates the following feature of planning
Planning involves decision-making Planning is essentially the process of choosing among various alternatives. So, in order to make an effective choice examination and evaluation of each alternative is necessary. Thus, it is concerned with decision-making.
(iii) 'Through correct ......... evaluated' This line indicates the following feature of planning
Planning is a mental exercise it is a mental exercise as it requires creativity. imagination and higher thinking skills with sound judgement It is an intellectual activity of thinking rather than doing It requires logical and systematic thinking rather than guess work or wishful thinking
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ARIHANT PUBLICATION-PLANNING-CHAPTER PRACTICE (SHORT ANSWER )
  1. State any three limitations of planning.

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  2. "Planning is not the remedy of all the deficiencies of the business. I...

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  3. How does planning lead to rigidity and reduce creativity? Explain.

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  4. Explain briefly the first two steps in the process of planning

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  5. Define 'planning'. Explain the first two steps in the process of plann...

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  6. Explain the first three steps in the process of ' planning'

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  7. What are derivative plans and why they are formulated?

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  8. What is a 'procedure'? Give an example for the same.

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  9. Explain objective and 'policy as types of plan using suitable examples

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  10. Explain 'method' and 'rule' as types of plan

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  11. What is a 'programme' ? Give a suitable example for the same

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  12. Explain the meaning of planning premises with example.

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  13. A firm wants to increase its sales by 25% in the coming year Suggest t...

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  14. Differentiate between budget and procedure

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  15. Being a management guru, you feel that the adopted plan is not suitabl...

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  16. Useless and redundant activities are minimised or eliminated, when man...

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  17. You are a strategic analyst in XYZ Ltd. While developing the planning ...

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  18. Differentiate between method' and "budget' as types of plans

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  19. Differentiate between standing and single use plans

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  20. In 2015, Naveen left his luxurious life in Mumbai, where he worked as ...

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