In industries with high levels of uncertainty, how can managers set meaningful long-term goals without being overly rigid in their planning?
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In industries with high levels of uncertainty, how can managers set meaningful long-term goals without being overly rigid in their planning?
Step by step
Solved in 3 steps
- How can managers effectively manage and adjust goals during times of crisis or unexpected disruptions?How do organizations monitor and evaluate the progress of their plans, and what adjustments can be made to ensure alignment with goals?How can managers balance short-term goals with long-term strategic objectives?
- Explain , how can managers ensure that their planning is effective and flexible enough to account for changes to the external factors?Describe how you would persuade managers and employees to implement a significant new plan?Why are long-term goals much more important than short-term goals? What are its advantage and disadvantages?
- Management How can long-term planning help organizations anticipate and respond to industry disruptions and technological advancements?What are some best practices or strategies for long-term planning, especially in industries or sectors with high levels of uncertainty or volatility?Is our strategy (planned action) robust enough to withstand the likely actions of our competitors, or do we need additional contingency plans?
