CBSE Class 12 Business Studies Planning Worksheet Set F

Read and download free pdf of CBSE Class 12 Business Studies Planning Worksheet Set F. Download printable Business Studies Class 12 Worksheets in pdf format, CBSE Class 12 Business Studies Chapter 4 Planning Worksheet has been prepared as per the latest syllabus and exam pattern issued by CBSE, NCERT and KVS. Also download free pdf Business Studies Class 12 Assignments and practice them daily to get better marks in tests and exams for Class 12. Free chapter wise worksheets with answers have been designed by Class 12 teachers as per latest examination pattern

Chapter 4 Planning Business Studies Worksheet for Class 12

Class 12 Business Studies students should refer to the following printable worksheet in Pdf in Class 12. This test paper with questions and solutions for Class 12 Business Studies will be very useful for tests and exams and help you to score better marks

Class 12 Business Studies Chapter 4 Planning Worksheet Pdf

PLANNING
 
Concept- Meaning
 
Planning is deciding in advance what to do, how to do when to do, and who is to do it. Planning bridges the gap from where we are to where we want to go. It is one of the basic managerial functions. Planning involves setting objectives and developing appropriate courses of action to achieve these objectives. Thus, it is closely connected with creativity and innovation.
 
Importance of Planning
 
1. Planning provides directions: By stating in advance how the work is to be done, planning provides direction for action. If there was no planning, employees would be working in different directions and the organization would not be able to achieve its goals efficiently.
 
2. Planning reduces the risk of uncertainty: Planning is an activity which enables a manager to look ahead, anticipate changes, consider the impact of changes and develop appropriate responses.
 
3. Planning reduces wasteful activities: Planning serves as the basis of coordinating the activities and efforts of different departments and individuals whereby useless and redundant activities are reduced.
 
4. Planning promotes innovative ideas: Planning is the first function of management. Managers get the opportunity to develop new ideas and new ideas can take the shape of concrete plans.
 
5. Planning facilitates decision making: Under planning targets are laid down. The manager has to evaluate each alternative and select the most viable option. Thus planning facilitates decision making.
 
6. Planning establishes standards for controlling: Planning provides the standards against which the actual performance can be measured and evaluated. Controlling is blind without planning. Thus planning provides the basis for controlling.
 
FEATURES OF PLANNING
 
1. Planning focuses on achieving objectives:
Planning has no meaning unless it contributes to the achievement of predetermined organizational goals.
 
2. Planning is a primary function of management:
Planning lays down the base for other functions of management. Planning precedes other functions.
 
3. Planning is pervasive:
Planning is required at all levels of management as well as in all departments of the organization. It is not an exclusive function of top management.
 
4. Planning is futuristic:
Planning essentially involves looking ahead and preparing for the future.
 
5. Planning involves decision making:
Planning essentially involves choice from among various alternatives and activities. If there is only one possible course of action, there is no need for planning because there is no choice.
 
6. Planning is a mental exercise:
Planning requires application of the mind involving requires foresight, intelligent imagination and sound judgement.
 
7. Planning is continuous:
Plans are prepared for a specific period of time may be for a month, a quarter, or a year. At the end of that period there is need for a new plan to be drawn on the basis of new requirements and future conditions. Hence, planning is a continuous process.
 
Planning Process
 
1. Setting Objectives: The first and foremost step is setting objectives. Objectives may be set for the entire organization and each department.
 
2. Developing premises: Planning premises are the assumptions about the likely shape of events in future. It forecasts the obstacles, problems or limitations in the path of the effective planning because of which the
plans may deviate. Planning premises supply relevant facts & information already to the future.
 
3. Identifying alternative courses of action: Once objectives are set and premises are developed, the next step would be to act to achieve them. All the alternative courses of action should be identified, to achieve already set objectives.
 
4. Evaluating alternative Courses: The next step is to weigh pros and cons of each alternative. Each course will have many variables which have to be weighed against each other. Example: Cost-Benefit analysis.
 
5. Selecting an alternative: After comparison and evaluation, the best alternative is chosen for reaching organizational objectives. On the basis of merits, demerits, resources and consequences, the best plan has to be adopted, which must be the most feasible, profitable and with least negative consequences.
 
6. Implementing the plan: Once the plans are developed they are put into action. Successful implementation of the plan ensures understanding and whole-hearted cooperation of all the employees.
 
7. Follow up action: To see whether plans are being implemented,activities are performed according to schedule. In case of any deviations, changes are made in the plans.


Please click on below link to download CBSE Class 12 Business Studies Planning Worksheet Set A

Chapter 4 Planning CBSE Class 12 Business Studies Worksheet

The above practice worksheet for Chapter 4 Planning has been designed as per the current syllabus for Class 12 Business Studies released by CBSE. Students studying in Class 12 can easily download in Pdf format and practice the questions and answers given in the above practice worksheet for Class 12 Business Studies on a daily basis. All the latest practice worksheets with solutions have been developed for Business Studies by referring to the most important and regularly asked topics that the students should learn and practice to get better scores in their examinations. Studiestoday is the best portal for Printable Worksheets for Class 12 Business Studies students to get all the latest study material free of cost. Teachers of studiestoday have referred to the NCERT book for Class 12 Business Studies to develop the Business Studies Class 12 worksheet. After solving the questions given in the practice sheet which have been developed as per the latest course books also refer to the NCERT solutions for Class 12 Business Studies designed by our teachers. After solving these you should also refer to Class 12 Business Studies MCQ Test for the same chapter. We have also provided a lot of other Worksheets for Class 12 Business Studies which you can use to further make yourself better in Business Studies.

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