6.1.5.2. Establishment of Planning Premises
6.1.5.2. Establishment of Planning Premises
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Planning premises are the assumptions about the lively shape of events in future.
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Establishment of planning premises is concerned with determining where one tends to deviate from the actual plans and causes of such deviations.
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It is to find out what obstacles are there in the way of business during the course of operations.
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Establishment of planning premises is concerned to take such steps that avoids these obstacles to a great extent.
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Planning premises may be internal or external. Internal includes capital investment policy, management of labour relations, philosophy of management, etc. whereas external includes socio- economic, political and economical changes.
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Internal premises are controllable whereas external are non- controllable.
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Last modified: Friday, 15 June 2012, 10:46 AM