Photo AI
4.1 Planning is a management task where a plan of action is created - NSC Agricultural Management Practices - Question 4 - 2020 - Paper 1
Question 4
4.1 Planning is a management task where a plan of action is created. 4.1.1 Give and discuss THREE reasons for planning. 4.1.2 Rearrange, in the correct sequence (o... show full transcript
Worked Solution & Example Answer:4.1 Planning is a management task where a plan of action is created - NSC Agricultural Management Practices - Question 4 - 2020 - Paper 1
Step 1
Give and discuss THREE reasons for planning.
Answer
-
Change in Resource Patterns: One major reason for planning is due to the change in resource patterns. As resources become available or limited, effective planning ensures that these resources are utilized optimally and aligned with business goals.
-
Addressing Risks and Uncertainties: Planning allows organizations to anticipate risks and uncertainties in the market. A proper plan provides a framework to address these uncertainties, enabling more stable and predictable outcomes.
-
Change in Technology: With continuous advancements in technology and biological relations, planning is essential to adapt and incorporate new methodologies. This can lead to improved efficiency and effectiveness in operations.
Step 2
Rearrange, in the correct sequence (order), the following steps in the planning process:
Answer
- Formulate objectives and goals: This is the first step where the desired end results are identified.
- Collect information: Gathering relevant data and information is essential to support decision-making.
- Analyse information: At this stage, the collected data is analyzed to understand trends and insights.
- Develop alternatives: Based on the analysis, different possible solutions or actions are identified.
- Choose between alternatives: Here, the best alternative is chosen based on predefined criteria.
- Implementation and evaluation: Finally, the chosen plan is implemented, and its effectiveness is evaluated continuously.