Management (14th Edition)
14th Edition
ISBN: 9780134527604
Author: Stephen P. Robbins, Mary A. Coulter
Publisher: PEARSON
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Question
Chapter 8, Problem 4RDQ
Summary Introduction
To determine:
The reason behind some of the managers not considering planning irrespective of the fact that it is very crucial and important for organization.
Introduction:
Planning refers to the process wherein the managers think about the task and activities that needs to be undertaken for attaining the desired objective or goal. Planning is the first step to attain the desired outcome. In other words, Planning is thinking before action actually takes place. It is about deciding in advance to deal with the situation that might occur in the near future.
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What are the potential risks and uncertainties associated with planning, and how can organizations mitigate these risks through contingency planning and risk management strategies?
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