Arrange the following steps of planning process in a logical sequence.

(A) Making certain assumptions about the future

(B) Selecting the best possible and viable alternative

(C) Weighing the pros and cons of each alternative

(D) Monitoring the plan to ensure that objectives are achieved

Choose the correct answer from the options given below:

(A), (C), (B), (D)

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

(A) Making certain assumptions about the future- 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.

(C) Weighing the pros and cons of each alternative- 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 and 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.

(B) Selecting the best possible and viable 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.

(D) Monitoring the plan to ensure that objectives are achieved- After evaluating alternatives one alternative is selected and implemented by the company. 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.