Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 17.5, Problem 2CC
Does planning pay off for today’s organizations?
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What are the potential risks associated with inadequate or ineffective planning, and how can organizations mitigate those risks?
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How can organizations ensure that their plans remain flexible and adaptable in the face of changing circumstances or unexpected events?
Chapter 17 Solutions
Principles of Management
Ch. 17.1 - What is the process where managers establish goals...Ch. 17.1 - How do the internal and external environments of...Ch. 17.1 - Why should managers plan?Ch. 17.2 - What are the five steps in the planning process?Ch. 17.2 - What is the difference between goal, domain, and...Ch. 17.2 - How are planning, implementation, and controlling...Ch. 17.3 - Define and describe the different types of plans...Ch. 17.4 - What is the difference between official and...Ch. 17.4 - How do multiple goals fit into a goal hierarchy?Ch. 17.5 - What ethical problems could surface with data...
Ch. 17.5 - What security risks would a company need to...Ch. 17.5 - How do todays organizations approach planning?Ch. 17.5 - Does planning pay off for todays organizations?Ch. 17.5 - Which people in the organization should be...Ch. 17.6 - How is goal theory used in the planning process?Ch. 17.6 - What are the organizational downsides to goals?Ch. 17.6 - How is goal setting tied to job satisfaction and...Ch. 17.7 - What is management by objectives?Ch. 17.8 - What other applications can you see for blockchain...Ch. 17.8 - What drawbacks or potentials risks do you see in...Ch. 17.8 - Do you think blockchain technology could be used...Ch. 17.8 - Why would governments be suspicious of...Ch. 17.8 - Describe the execution of the planning and...Ch. 17 - Define managerial planning and controlling.Ch. 17 - Discuss the relationship between the two...Ch. 17 - Identify and briefly describe each stage in the...Ch. 17 - Compare and contrast three different types of...Ch. 17 - What are multiple goals? What is a goal hierarchy?...Ch. 17 - Briefly describe the two views of the goal...Ch. 17 - Describe the MBO process, the philosophy behind...Ch. 17 - Distinguish between cybernetic and noncybernetic...Ch. 17 - Identify and discuss three positive and three...Ch. 17 - How does the desire for personal control affect...Ch. 17 - What do you think are some of the difficulties of...Ch. 17 - China effectively shuts down for two weeks each...Ch. 17 - The case focuses on U.S. markets. How are European...Ch. 17 - Have your own shopping habits changed with the...
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Similar questions
- How can organizations ensure that their plans are flexible and adaptable to changing circumstances and unforeseen events?arrow_forwardWhat are the three levels of planning, and what kinds of plans do managers develop at each level?arrow_forwardWhat additional qualification or knowledge do managers need to carry out their planning and organizing functions?arrow_forward
- How can a manager adapt and adjust a plan in response to changing circumstances or unexpected events?arrow_forwardWhy is contingency planning important at all levels of management?arrow_forwardHow does contingency planning help organizations prepare for unexpected events and mitigate potential risks?arrow_forward
- Discuss the challenges that organizations might face during the implementation of their plans and strategies.arrow_forwardWhat are the potential benefits and challenges of participatory planning, and how can it foster inclusivity and engagement within a community or organization?arrow_forwardHow can organizations ensure that their plans are flexible and adaptable to changing circumstances?arrow_forward
- Explain, what are some common challenges organizations face in articulating and implementing their vision?arrow_forwardCan you explain the relationship between organizational structure and the foundations of planning?arrow_forwardWhat are two factors that make an organization successful?arrow_forward
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