teps in the planning process: 1. Feasibility analysis 2. Prediction and projection 3. Goal articulation/problem diagnosis 4. Alternatives’ design 5. Implementation 6. Evaluation What sequence of the above steps best describes the rational planning process and why? Discuss
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- 1. Roger is telling Mary the first three steps in planning an organization. In the correct order, they are ____. Writing a mission statement, creating a vision statement, and strategic planning Strategic planning, creating a mission statement, and creating a vision statement Strategic planning, operational planning, and preparing a vision statement Tactical planning, operational planning, and writing a mission statement Operational planning, creating a mission statement, and developing a hiring plan.1. In one sentence, state the concept of planning. 2. In one sentence define planning. 3. Do the purposes of planning really serve their purpose? Yes or No. Reasons.Effective planning is a crucial aspect of achieving success in various facets of life, be it in personal endeavors, professional projects, or long-term goals. Planning involves the systematic organization of ideas, resources, and actions to ensure a clear roadmap towards the desired outcome. It requires a careful consideration of the objectives, available resources, potential obstacles, and the most efficient means to overcome them. Whether it's a business strategy, an academic pursuit, or a personal development plan, a well-thought- out plan serves as a guiding framework that enhances productivity, minimizes uncertainties, and fosters a sense of direction. In business, planning involves market analysis, financial forecasting, and operational strategies to optimize efficiency and achieve sustainable growth. Similarly, in academics, students benefit from planning their study schedules, setting realistic goals, and allocating time for research, ensuring a structured approach to…
- Why is scenario planning important in business or in the workplace? How is scenario planning different from strategic planning? Explain it clearly so that I can easily understand. And also give example.1. The threat from substitutes is high when: a.Switching costs are high b.The substitutes are very similar c.Quality of substitute is lower d.Price of the substitute is similar 2..The starting point of scenario planning is the: a.Vision Statement b.Strategic Goal c.Key Focal Issue d.Scenario 3.In scenario planning, driving forces may be identified by: a.Interview with key stakeholder b.Porter’s Five Forces analysis c.STEEP analysis d.All of the foregoingUsing concepts/terms from the book, Management by Bateman, Snell, and Konopaske, 7th edition. Situation: Consider the major decision of changing from a General Business major to a Marketing Major Discuss the following questions: What was the decision you had to make? How did you go about creating alternative solutions (possible outcomes)? What was the process you used and was it similar to the formal planning steps noted in the chapter? Did the outcome meet expectations? (as planned, better, worse, mixed) Would you change the process you if you had to do it again, regardless of the current outcome?
- Mangement Effective planning is a crucial component of achieving success in various aspects of life. Whether in personal endeavors or professional pursuits, a well-thought-out plan serves as a roadmap, guiding individuals and organizations toward their goals. Planning involves setting clear objectives, identifying the necessary resources, and outlining the steps to be taken to reach the desired outcome. It allows for anticipation of potential challenges and provides the opportunity to develop strategies to overcome them. Furthermore, planning helps in prioritizing tasks, managing time efficiently, and ensuring that efforts are aligned with the overall vision, In essence, planning is the foundation upon which successful endeavors are built, offering a structured approach to navigate the complexities of diverse endeavors. Question: How does effective planning contribute to achieving long-term goals and mitigating potential challenges?planning determines goals of an organisation,The activities needed to acheive goals in absence of planning,outcomes will be haphazard.Explain the steps in the planning process in detail.3. 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.