Management (14th Edition)
14th Edition
ISBN: 9780134527604
Author: Stephen P. Robbins, Mary A. Coulter
Publisher: PEARSON
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Question
Chapter 8, Problem 6RDQ
Summary Introduction
To determine:
The difference between planning involved in a for profit organization like C company and not for profit organization like A company
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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How can organizations use scenario planning to prepare for potential future events and challenges? What are some best practices for conducting scenario planning exercises?
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Making Planning Effective
Planning may be made succesful if the following are observed, but why would it be successful?
Recognize the planning barriers
Use of aids to planning
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- How can managers use scenario planning to inform their planning decisions?arrow_forwardHow can organizations use scenario planning to prepare for uncertainty and potential future challenges? What are the potential benefits and drawbacks of this approach?arrow_forwardCompare and contrast formal planning and informal planning in organizations. How do they complement each other in the decision-making process?arrow_forward
- What do you understand by the term planning? Ensure your explanation clearly distinguishes planning from non planning activitiesarrow_forwardWhat are the key components of the planning process? How do they work together to ensure effective planning and goal attainment?arrow_forwardWhat are the advantages and limitations of different types of planning methods, such as scenario planning or contingency planning?arrow_forward
- What is planning? Compare strategic planning with functional planning.arrow_forwardWhat is the link between management controls and organizational planning? Should controls be built into the planning process?arrow_forwardMaking Planning Effective The planning barriers, according to Plunkett and Attner, are as follows: But why are these consired as barriers in the failure of planning? Manager's inability to plan Improper planning process Lack of commitment to the planning process Improper information Focusing on the present at the expense of the future Too much reliance on the planning department Concentrating on the controllable variablesarrow_forward
- How does the planning process in an organization ensure alignment between the strategic objectives and the operational goals, and how can managers effectively bridge the gap between the two?arrow_forwardThe limitations of planning are too serious to make planning a creditable functions . What are the limitations of planning ?arrow_forwardMargaret Quinn, the president of Eastern Electric Corporation, one of the large electric utilities operating in the eastern United States, had long been convinced that effective planning in the company was absolutely essential to success. For more than 10 years she had tried to get a company planning program installed without seeing much result. Over this time she had consecutively appointed three vice presidents in charge of planning and, although each had seemed to work hard at the job, she noticed that individual department heads kept going their own ways. They made decisions on problems as they came up, and they prided themselves on doing an effective job of "fighting fires." But the company seemed to be drifting, and individual decisions of department heads did not always tally with each other. The executive in charge of regulatory matters was always pressing state commissions to allow higher electric rates without having very much luck, since the commissions felt that costs,…arrow_forward
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