Although ‘planning’ seems to take a lot of efforts, why is it so important for managers to plan? Why do MBO programs sometimes fail?

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter9: The Strategic Management Process: Achieving And Sustaining Competitive Advantage
Section9.5: Planning Firm Actions To Implement Strategies
Problem 1CC: What are the three levels of planning, and what kinds of plans do managers develop at each level?
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Although ‘planning’ seems to take a lot of efforts, why is it so important for managers to plan? Why do MBO programs sometimes fail?

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