Page 5 - principles of management new_Neat
P. 5
UNIT – II
2 MARKS
1. DEFINE PLANNING
Planning is deciding in advance what to do, how to do it, when to
do it and who is to do it. It bridges the gap from where we are to where
we want to go.
2. DEFINE MBO
The establishment of effective standards for managerial positions
and the periodic conversion of those into measurable time bound
objectives linked vertically and horizontally and with future planning.
3. DEFINE DECISION MAKING
Decision making is the selection based criteria from two or more
possible alternatives.
4. DEFINE CO-ORDINATION
Co-ordination involves the development of unity of purpose and
the harmonious implementation of plans for the achievement of desired
ends.
5 MARKS
1. WHAT ARE THE CHARACTERISTICS OF PLANNING?
Planning is looking in to future
Planning involves pre-determined action of line
It requires considerable time for implementation
Planning is a continuous process
Planning integrates various activities of organization
Planning is done for a specific period
Planning is required at all levels of management
Planning directs the member of the organization
2. EXPLAIN THE IMPORTANCE OF PLANNING?
To manage by objectives
