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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
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Change in Resource Patterns: One primary reason for planning is the need to adapt to changing resource patterns. As resources become scarce or more abundant, a well-structured plan ensures that these changes are effectively managed, reducing waste and optimizing productivity.
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Technological Advancements: With the rapid pace of technological innovation, planning helps organizations integrate new technologies into their operations. This not only improves efficiency but also ensures that processes remain competitive and aligned with market demands.
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Risk Management: Planning allows organizations to identify potential risks and uncertainties. By forecasting potential challenges, businesses can develop mitigation strategies, ensuring that they can operate smoothly, even in unpredictable environments.
Step 2
Rearrange, in the correct sequence (order), the following steps in the planning process:
Answer
- Formulate objectives and goals: This is the foundational step where the ultimate aims of the planning are clearly defined.
- Collect information: Gathering relevant data is crucial to inform decisions and build a solid plan.
- Analyse information: Here, the information collected is assessed to understand implications and trends.
- Develop alternatives: Based on the analysis, different approaches or solutions are generated.
- Choose between alternatives: This step involves evaluating the options and selecting the most viable one.
- Implementation and evaluation: Finally, the chosen plan is executed, and its effectiveness is monitored to make necessary adjustments.