Dhulai' is a washing machine manufacturing company. The company decides to enter into music system   manufacturing industry. The company has a committed top management. It knows that there are various   challenges in the market where its decisions regarding the new industry might fail. Still the top management doesn't want to waste a lot of resources on its plans. It knows that sometimes plans take more time in making than getting implemented. However, the company wants to proceed with a positive approach it has decided to study all the aspects of its competitors, to set all its objectives and to allocate the required resources. The company did well in its previous business. At that time they took planning very seriously as they knew everything the company would do had to be based on concrete plans. The company   will start its operations from next month.   Which function of management has been discussed in the above case? Which limitations of planning have been highlighted in the above case? Which type of plan is indicated in the above case? Which feature of planning is highlighted above?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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Dhulai' is a washing machine manufacturing company. The company decides to enter into music system

 

manufacturing industry. The company has a committed top management. It knows that there are various

 

challenges in the market where its decisions regarding the new industry might fail. Still the top management doesn't want to waste a lot of resources on its plans. It knows that sometimes plans take more time in making than getting implemented. However, the company wants to proceed with a positive approach it has decided to study all the aspects of its competitors, to set all its objectives and to allocate the required resources. The company did well in its previous business. At that time they took planning very seriously as they knew everything the company would do had to be based on concrete plans. The company

 

will start its operations from next month.

 

Which function of management has been discussed in the above case? Which limitations of planning have been highlighted in the above case? Which type of plan is indicated in the above case? Which feature of planning is highlighted above?

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