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20232m

Choose the correct sequence of steps in the process of establishing planning premise:

(A) Identifying objectives
(B) Setting assumptions
(C) Analysing internal and external factors
(D) Formulating plans

  • (i) A, C, B, D
  • (ii) A, B, C, D
  • (iii) D, C, B, A
  • (iv) A, C, D, B
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Answer: (i) A, C, B, D

Correct Sequence of Establishing Planning Premise:

  • (A) Identifying objectives - First, what is to be achieved.
  • (C) Analysing internal and external factors - SWOT analysis, market conditions, resources, competition.
  • (B) Setting assumptions (Premises) - Forecasting/assuming future conditions (e.g., demand, policy, technology) based on analysis.
  • (D) Formulating plans - Finally developing alternative courses and selecting the plan.

Justification:

  • Premise = assumption about future. You cannot set realistic assumptions (B) without first analysing factors (C).
  • Option (ii) A,B,C,D is wrong because it puts assumptions before analysis.
  • Hence A → C → B → D is textbook Koontz & O'Donnell sequence.

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