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Q.What are the steps taken by the management in the planning process?

Assam AhsecAHSEC Assam Higher Secondary Final Class 12 (Commerce) 2026Subjective· 5mImportance★★★★★
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Objectives → premises → alternatives → evaluate → select → implement → follow-up.

Steps in the planning process:

  1. Setting objectives — deciding what the organisation wants to achieve.
  2. Developing premises — the assumptions and forecasts about the future environment on which the plan is based.
  3. Identifying alternative courses of action.
  4. Evaluating each alternative — weighing the pros and cons against the objectives and premises.
  5. Selecting the best alternative — the most feasible and profitable course. …

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