Question

Arrange the steps of Planning Process in a proper order:
(A) Implementation of plan and follow-up action
(B) Developing Premises
(C) Identification and evaluation of alternative courses of action
(D) Setting up of objectives
(E) Selecting an alternative
Choose the correct answer from the options given below:

• A. (B), (D), (E), (A), (C)
• B. (B), (C), (E), (D), (A)
• C. (D), (B), (C), (E), (A)
• D. (A), (B), (C), (D), (E)

Hint:

\textbf{OPASI}: Objectives → Premises → Alternatives → Select → Implement. Use this easy-to-remember acronym for an effective and structured approach to planning. Planning ensures goal achievement with careful thought and execution.

Answer 1

The Correct Option is C

To address the challenge of sequencing the Planning Process, comprehension of the logical progression of planning within business studies is essential. The subsequent steps are presented in their correct sequence:

1. Objective Setting (D): The initial stage necessitates the definition of precise goals. This establishes the overall direction for all subsequent planning endeavors.
2. Premise Development (B): This phase entails formulating assumptions and projections regarding future conditions that will impact the achievement of objectives.
3. Identification and Assessment of Alternative Actions (C): Here, diverse potential courses of action are examined and evaluated for their efficacy and practicality.
4. Alternative Selection (E): Following the evaluation of all options, the most effective course of action is chosen to facilitate the efficient attainment of objectives.
5. Plan Implementation and Monitoring (A): The final stage involves putting the chosen plan into action and initiating follow-up measures to confirm objective achievement and implement necessary modifications.

Consequently, the accurate sequence is: (D), (B), (C), (E), (A).