Question 16:‘The pros and cons of each alternative need to be weighed.’ Name and briefly explain the logical steps in the process of planning which are followed by a manager before
performing the step highlighted in the above statement.
The correct answer is – The logical steps in the process of planning that are typically followed by a manager before weighing the pros and cons of each alternative include:
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Defining the objective: The manager should start by clearly defining the objective or goal of the plan. This will help to identify the criteria that need to be considered while evaluating different alternatives.
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Identifying alternatives: The manager should identify various alternatives that can help to achieve the objective. These alternatives may be generated through brainstorming or by gathering information from various sources.
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Evaluating alternatives: The manager should evaluate each alternative based on their feasibility, effectiveness, cost, risks, and other relevant factors. This will help to narrow down the list of alternatives and identify the most promising ones.
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Selecting the best alternative: The manager should then compare the remaining alternatives and select the one that best meets the objective, taking into consideration any trade-offs and potential consequences.
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Implementing the plan: Once the best alternative has been selected, the manager should create a detailed action plan for implementing the chosen alternative. This plan should include specific steps, timelines, resources, and responsibilities.
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Monitoring and evaluating the plan: Finally, the manager should monitor the implementation of the plan and evaluate its effectiveness over time. This will help to identify any issues or challenges that may arise and make any necessary adjustments to ensure the plan’s success.
