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Planning Interview Questions & Answers - Learning Mode
COOLINTERVIEW.COM BUSINESS MANAGEMENT INTERVIEW QUESTIONS PLANNING INTERVIEW QUESTIONS QUESTIONS & ANSWERS - LEARNING MODE

Planning Interview Questions & Answers - Learning Mode

Planning is deciding in advance what to do,how to do,when to do it and who is to do it.It is a pre-determined course of action to achieve a specific goal or objective.Planning (also called forethought) is the process of thinking about and organizing the activities required to achieve a desired goal.It involves the creation and maintenance of a plan,such as psychological aspects that require conceptual skills.

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Planning Interview Questions & Answers - Learning Mode
Try Planning Interview Questions & Answers - Exam Mode
Question: How planning is an Intellectual Process? Briefly explain?

Answer: Planning is an intellectual process of thinking in advance. It is a process of deciding the future on the series of events to follow. Planning is a process where a number of steps are to be taken to decide the future course of action.
Source: CoolInterview.com
Question: How alternatives can be evaluated from the Planning Process?

Answer: Having sought out the available alternatives along with their strong and weak points, planners are required to evaluate the alternatives giving due weight-age to various factors involved, for one alternative may appear to be most profitable involving heavy cash outlay whereas the other less profitable but involve least risk.
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Question: What are procedures?

Answer: A fixed, step-by-step sequence of activities or course of action (with definite start and end points) that must be followed in the same order to correctly perform a task.
For example: in a work place that has complex interactions among employees, it is important to specify and implement a procedure for core processes.
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Question: What are methods in Planning?

Answer: An established, habitual, logical, or prescribed practice or systematic process of achieving certain ends with accuracy and efficiency, usually
in an ordered sequence of fixed steps are called Methods in Planning.
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Question: Why Planning leads to Increase in Competitive Strength?

Answer: Effective planning gives a competitive edge to the enterprise over other enterprises that do not have planning or have ineffective planning. This is because planning may involve expansion of capacity, changes in work methods, changes in quality, anticipation of tastes and fashions of people and technological changes etc.
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Question: How planning makes control effective?

Answer: Planning and control are inseparable in the sense that unplanned action cannot be controlled because control involves keeping activities on the predetermined course by rectifying deviations from plans. Planning helps control by furnishing standards of performance. Source: CoolInterview.com
Question: What are policies?

Answer: A set of policies are principles, rules, and guidelines formulated or adopted by an organization to reach its long-term goals and typically published in a booklet or other form that is widely accessible. Source: CoolInterview.com
Question: State the steps involved in the Planning Process?

Answer: Establishing objectives
Establishment of Planning Premises
Determining Alternative Courses
Evaluation of Alternatives
Selecting a Course of Action
Formulating Derivative Plans
Establishing Sequence of Activities
Feedback or Follow-up Action Source: CoolInterview.com
Question: What are the strategies under Planning?

Answer: Strategy is a high level plan to achieve one or more goals under conditions of uncertainty. In the sense of the "art of the general", which included several subsets of skills including "tactics", logistics etc. Source: CoolInterview.com
Question: What are the limitations of Planning?

Answer: Rigidity
Misdirected Planning
Time consuming
Probability in planning
False sense of security
Expensive Source: CoolInterview.com
Question: What is a budget?

Answer: A budget is a quantitative expression of a plan for a defined period of time. It may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows. It expresses strategic plans of business units, organizations, activities or events in measurable terms.
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Question: What are benefits of Planning in a management?

Answer: Planning facilitates management by objectives
Planning minimizes uncertainties
Planning facilitates co-ordination
Planning improves employee?s moral
Planning helps in achieving economies
Planning facilitates controlling
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Question: How we can say that planning is a continuous process?

Answer: Planning is a continuous process and a never ending activity of a manager in an enterprise based upon some assumptions which may or may not come true in the future. Therefore, the manager has to go on modifying revising and adjusting plans in the light of changing circumstances. According to George R. Terry, ?Planning is a continuous process and there is no end to it.
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Question: Give examples for a Budget?

Answer: A sales budget helps in forecasting the sale of a particular product during a particular month. Source: CoolInterview.com
Question: Why planning is necessary? Give reasons?

Answer: Reduction of Uncertainty
Better Utilization of Resources
Increases Organizational Effectiveness
Reduces the Cost of Performance
Concentration on Objectives
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Question: How we can say that planning leads to proper coordination?

Answer: Good plans unify the interdepartmental activity and clearly lay down the area of freedom in the development of various sub-plans. Various departments work in accordance with the overall plans of the organisation. Thus, there is harmony in the organisation, and duplication of efforts and conflict of jurisdiction are avoided. Source: CoolInterview.com
Question: What are the objectives under Planning?

Answer: Objectives are the ends towards which the activities of an organisation are directed. Objectives are the goals which an organisation wants to achieve by its operations. Objectives are set by the top management. They define the future state of affairs which the organisation strives to realise. They lay down guidelines for the activities and serves as a bench mark for measuring the performance of the organisation.
Source: CoolInterview.com
Question: What are the differences between policies and rules?

Answer: Rules are clear instructions that must be followed by the entities. And in case if rules are not followed then entity will have to face some legal action in the form of penalties, suspension etc.
Policies relates to how the rules are going to be implemented. Entities design their policies on the basis of rules applied by regulatory authorities and their business objectives. Source: CoolInterview.com
Question: What is planning?

Answer: planning is deciding in advance what is to be done, when where, how and by whom it is to be done. Planning bridges the gap from where we are to where we want to go. It includes the selection of objectives, policies, procedures and programmes from among alternatives. According to Koontz and O? Donnell, ?Planning is an intellectual process, conscious determination of course of action, the basing of decision on purpose, facts and considered estimates.?
Source: CoolInterview.com

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