Miss. Kokilasen is planning to take her business of home-made chocolates to a higher level. Kindly help her to identify the process of planning by selecting right sequence of options given below :

A. Follow-up action

B. Identifying alternatives and evaluating each of them

C. Implementing the plan

D. Setting objectives and developing premises

E. Selecting an alternative

Choose the correct answer from the options given below :

D, B, E, C, A

The correct answer is option (2)-  D, B, E, C, A.

The correct sequence for the process of planning for Miss Kokilasen's business of home-made chocolates is as follows:

(D) Setting Objectives and Developing Premises: The first and foremost step is setting objectives. Every organisation must have certain objectives. Objectives may be set for the entire organisation and each department or unit within the organisation. Planning is concerned with the future which is uncertain and every planner is using conjecture about what might happen in future. Therefore, the manager is required to make certain assumptions about the future. These assumptions are called premises.

(B) Identifying alternative courses of action and Evaluating alternative courses of action: Once objectives are set, assumptions are made. Then the next step would be to act upon them. There may be many ways to act and achieve objectives. All the alternative courses of action should be identified.The next is to weigh the pros and cons of each alternative. Each course will have many variables which have to be weighed against each other. The positive and negative aspects of each proposal need to be evaluated in the light of the objective to be achieved.

(E) Selecting an alternative: This is the real point of decision making. The best plan has to be adopted and implemented. The ideal plan, of course, would be the most feasible, profitable and with least negative consequences.

(C) Implementing the plan: This is the step where other managerial functions also come into the picture. The step is concerned with putting the plan into action, i.e., doing what is required.

(A) Follow-up action: To see whether plans are being implemented and activities are performed according to schedule is also part of the planning process. Monitoring the plans is equally important to ensure that objectives are achieved.