How can organizations evaluate the success and effectiveness of their organizational plans?
How can organizations evaluate the success and effectiveness of their organizational plans?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Problem 1CE
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How can organizations evaluate the success and effectiveness of their organizational plans?
Expert Solution
Step 1: Define what is organizational plans
Detailed and structured documents or strategies that explain an organization's objectives, goals, priorities, and the steps required to attain them are referred to as organizational plans in the context of management and business. These plans work as the organization's road maps, giving various levels of the organization a clear direction for making choices, allocating resources, and activity execution.
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