Arrange the following steps of Planning process in a correct sequence.

A. Setting objectives.

B. Evaluating alternative courses.

C. Identifying alternative courses.

D. Follow up

E. Developing premises.

Choose the correct answer from the options given below :

A - E - C - B - D

The correct answer is option (4) : A - E - C - B - D.

Planning is a process of decision-making. Planning includes following steps-
(A) Setting Objectives: 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.

(E) Developing Premises: 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) Identifying 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.

(B) Evaluating alternative courses: The next step 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.

(D) Follow-up action: 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.