NCERT Books Class 12 Business studies Chapter 4- Planning

Safalta Expert Published by: Noor Fatima Updated Thu, 14 Jul 2022 01:20 PM IST

Highlights

Here is the information about NCERT Books Class 12 Business studies Chapter 4. You can give a read to this blog and get PDFs of the subject.

NCERT Books Class 12 Business studies Chapter 4- Planning is accessible here for download purposes. You can download the PDF for and learn from the book anytime you want.

Students who are studying in Class 12 and candidates who are preparing for competitive exams can download the PDF for NCERT Books Class 12 Business studies Chapter 4- Planning to learn from the reading material.  

Taking these course books as a reference can be really helpful to prepare for any sought exam. You can keep the digital form of the book handy and learn from it without any time constraints.

When you don't have access to a physical copy, digital NCERT Books Class 12 Business Studies PDF are always useful.

Table of Content-
Topics Covered
Starting of the Chapter
Glimpses of the Chapter
PDF Link

 
NCERT Books Class 12 Business studies Chapter 4- Planning is available here. You may find links to Class 12 Business Studies Notes, NCERT Solutions, Important Questions, Practice Papers, and more after each chapter.

Free Demo Classes

Register here for Free Demo Classes

Please fill the name
Please enter only 10 digit mobile number
Please select course
Please fill the email
Something went wrong!
Download App & Start Learning
Scroll down for crucial study materials on the Planning from the NCERT Book Class 12 Business Studies Book.

At safalta, you can access FREE E-BOOKS. These books are not just free of cost, but they are also packed with ample knowledge and information related to your studies.

We also provide FREE MOCK PAPERS, which can help you test your own yourself. These papers can help you prepare for your exams in a better way.

Here, you can learn the NCERT Books Class 12 Business studies Chapter 4- Planning. Moreover, you can get the links for other chapters to download the links. 


The Chapter PLANNING Contains-

  • Concept of Planning
  • Importance of Planning
  • Features of Planning
  • Limitations of Planning
  • Process of Planning
  • Types of Plans


PLANNING Goes Like This-


INTRODUCTION

You have just read about the plans of Indian Oil Company Limited (IOCL). Of course, these are broad statements given by the company and they have to be broken down into steps for implementation. This is an example of a company with a nation-wide reach striving to be one of the top companies in India. Further more, every organisation whether it is government-owned, a privately owned business or a company in the private sector requires planning. The government makes five year plans for the country, a small business has it’s own plans, while other companies have big plans, sales plans, production plans. All of them have some plans.

All business firms would like to be successful, increase their sales and earn profits. All managers dream of these and strive to achieve their goals. But to turn these dreams into reality managers need to work hard in thinking about the future, in making business predictions and achieving targets. Dreams can be turned into reality only if business managers think in advance on what to do and how to do it. This is the essence of planning.


CONCEPT

Planning is deciding in advance what to do and how to do. It is one of the basic managerial functions. Before doing something, the manager must formulate an idea of how to work on a particular task. Thus, planning is closely connected with creativity and innovation. But the manager wouldfirst have to set objectives, only then will a manager know where he has to go. Planning seeks to bridge the gap between where we are and where we want to go. Planning is what managers at all levels do. It requires taking decisions since it involves making a choice from alternative courses of action. 

Planning, thus, involves setting objectives and developing appropriate courses of action to achieve these objectives. Objectives provide direction for all managerial decisions and actions. Planning provides a rational approach for achieving predetermined objectives. All members, therefore, definition of planning? One of the ways to do so would be to define planning as setting objectives for a given time period, formulating various courses of action to achieve them, and then selecting the best possible alternative from among the various courses of action available. 


IMPORTANCE OF PLANNING

You must have seen in films and advertisements how executives draw up plans and make powerful presentations in boardrooms. Do those plans actually work? Does it improve efficiency? After all why should we plan? These are numerous questions to which we would like to find solutions. Planning is certainly important as it tells us where to go, it provides direction and reduces the risk of uncertainty by preparing forecasts. 


Some Glimpses of the Chapter are-





NCERT Books Class 12 Business studies Chapter 4- Planning- PDF Download

Chapter 4- Planning

Where can you download ‘Planning’ PDF?

Candidates can download NCERT Books Class 12 Business studies Chapter 4- Planning PDF for free on our page. Links are given below.

Chapter 4- Planning

What topics are covered in ‘Planning’ Chapter?

The Chapter Planning explains about-
  • Concept of Planning
  • Importance of Planning
  • Features of Planning
  • Limitations of Planning
  • Process of Planning
  • Types of Plans

Why is NCERT Books Class 12 Business studies recommended so highly for board exams?

Nearly majority of the questions for board exams are taken from the NCERT Books Class 12 Business studies. A group of qualified professors, making them a dependable resource for pupils, also writes these books.

Is NCERT enough for Business Studies Class 12?

Yes, these are. The book can also assist in dispelling uncertainties. Studying from the NCERT Class 12 Books Accountancy also has the following advantages:
  • The NCERT Books Class 12 Business studies provides students with in-depth knowledge of accounting.
  • The course books include illustrations that might aid students in comprehending the chapters.
  • These books can aid learners in independent study

Free E Books