planning
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1. Discuss the relationship between long-term, strategic and corporate planning.
2. Discuss the importance of all three to the success of an organization.
Step by step
Solved in 3 steps
- What is the difference between official and operational goals?b. Why in planning a business a strategy is needed in planning from the beginning until the business has been running, explain. c. Explain what ideas can arise related to today's technological advances3. Discuss one of the following tools that can be used in the planning process: a) the Gantt chart, b) the CPM or critical path method, or c) management by objectives (MBO).4. Describe the steps that make up the planning process.
- 3. Discuss the nature of an organization’s environments, and identify and describe the components of its general, task, and internal environments 4. Summarize the planning process, and describe organizational goals.“Planning is no guarantee of success of a business enterprise”. Discuss any two limitations of planning that the manager should keep in mind.What is a mission statement? What is a SWOTanalysis? What role do these play in the planningprocess?
- Mangement Effective planning is a crucial element in achieving success, be it in personal endeavors or professional pursuits. The process of planning involves setting specific goals, identifying the steps required to reach those goals, and allocating resources accordingly. Whether it's a project, a business strategy, or even day-to-day tasks, a well-thought-out plan serves as a roadmap, providing direction and clarity. Planning helps individuals and organizations prioritize tasks, manage time efficiently, and anticipate potential challenges. It is a dynamic process that requires flexibility and adaptability as circumstances may change. By investing time and effort in planning, individuals and businesses increase their chances of not only meeting their objectives but also doing so in a more organized and systematic manner. Question: How can individuals strike a balance between sticking to a planned course of action and being flexible enough to adapt to unforeseen circumstances?Planning offers three important benefits. They are intensified effort, synergy, and direction. 1. True 2. FalseAnswer the following questions.1. Why is planning an important activity for engineer managers?2. How may “planning” be defined?3. What planning activities are undertaken at various management levels?4. What are the steps in the planning process?5. What are the types of plans?How may they be classified?6. What is the production plan? What are its components?7. What is a budget? 8. What is meant by “ company mission”?9. What are the barriers to planning?10. What may be used as aids in planning