Bundle: Understanding Management, Loose-Leaf Version, 10th + LMS Integrated for MindTap Management, 1 term (6 months) Printed Access Card
10th Edition
ISBN: 9781305931626
Author: Richard L. Daft, Dorothy Marcic
Publisher: Cengage Learning
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Question
Chapter 5, Problem 6DQ
Summary Introduction
To determine:
The potential value of crisis planning.
Introduction:
Planning is a process of making the plan before executing any work. The process of planning includes identification of goals and objectives, formulation of strategies, creating the means required and implementation and monitoring.
Crisis planning is done to deal with the unexpected crisis like the natural disaster, human-made disaster and accidents etc. Crisis planning has its two faces; Crisis preventions and Crisis preparation.
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Some people say an organization could never be “prepared” for a disaster such as the shooting at Sandy Hook Elementary School, the Japan nuclear disaster, or the huge BP oil spill in the Gulf of Mexico. Discuss the potential value of crisis planning in situations like these, even if the situations are difficult to plan for.
Benjamin Franklin once said, “If you fail to plan, you are planning to fail”. Explain
1. Which of the following is a strength of top-down planning?Group of answer choices
Identifies changes in the planing environment and can adjust to them
Focuses on short-term problems
Uses current technologies
Produces incremental improvements
Chapter 5 Solutions
Bundle: Understanding Management, Loose-Leaf Version, 10th + LMS Integrated for MindTap Management, 1 term (6 months) Printed Access Card
Ch. 5 - Prob. 1OTJVCCh. 5 - What did you learn about some of the real benefits...Ch. 5 - Prob. 1DQCh. 5 - Prob. 2DQCh. 5 - Prob. 3DQCh. 5 - Assume that Southern University decides to do two...Ch. 5 - Prob. 5DQCh. 5 - Prob. 6DQCh. 5 - Prob. 7DQCh. 5 - Prob. 8DQ
Ch. 5 - Prob. 9DQCh. 5 - Prob. 10DQCh. 5 - Prob. 1SLCh. 5 - Prob. 1GLCh. 5 - Prob. 1ALCh. 5 - Prob. 2ALCh. 5 - Prob. 3ALCh. 5 - Prob. 4ALCh. 5 - Prob. 5ALCh. 5 - When the idea first occurred to her, it seemed...Ch. 5 - Prob. 2EDCh. 5 - Prob. 3EDCh. 5 - Prob. 1CFCACh. 5 - Prob. 2CFCACh. 5 - Prob. 3CFCA
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- All the following are characteristics of planning except : a. Old plan should not be changed b. Based on real information and data с .It must be done first before any other function d Require high imagination and intelligence levelarrow_forwardWhy 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.arrow_forward1. 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.arrow_forward
- Effective planning is the cornerstone of success in any endeavor, be it personal or professional. It involves setting clear objectives, identifying resources, and creating a roadmap to achieve desired outcomes. Whether planning a project, event, or even daily activities, a well-thought-out plan provides direction, minimizes uncertainties, and enhances overall efficiency. The process of planning requires careful consideration of timelines, budgetary constraints, and potential obstacles, all aimed at optimizing the use of resources and ensuring a smooth execution of tasks. As we navigate the complexities of our lives, from work to personal pursuits, planning equips us with the foresight needed to overcome challenges and seize opportunities. One must ask themselves: How can thoughtful planning contribute to long-term success, and what steps can be taken to refine and improve the planning process over time?arrow_forwardMangement Effective planning requires careful consideration of various factors such as available resources, potential risks, and stakeholders' needs. It involves analyzing the current situation, forecasting future trends, and developing strategies to navigate uncertainties. Additionally, communication plays a vital role in planning, as it ensures that all team members are aligned with the objectives and understand their roles and responsibilities. Moreover, flexibility is essential in planning, as circumstances may change, requiring adjustments to the original plan while still maintaining the focus on achieving the desired outcomes. Question: How can stakeholders' needs be integrated into the planning process to ensure successful outcomes?arrow_forwardAccording to the hierarchy of plans, which of the following belongs to long term plans? a. Budgets b. Programmes c. Strategies d. Rulesarrow_forward
- A recent IBM research of 585 mobile application developers and managers revealed that just one-third of projects met their budget, schedule, and objectives. What are the risks, therefore, for companies like FIMC that rush to market with innovative mobile applications?arrow_forwardEffective planning is not merely a static process but rather an ongoing and iterative cycle. It involves continuous monitoring and feedback loops that allow for adjustments and refinements as circumstances evolve. This iterative nature is essential for staying responsive to changes in the environment, whether those changes are internal or external to an organization or an individual's goals. Through regular reviews and assessments, planners can identify emerging trends, reassess priorities, and make necessary modifications to their plans. This iterative approach also promotes a learning culture, where insights gained from previous planning cycles inform future decisions. It allows for the incorporation of new information and experiences, enabling planners to adapt strategies in a dynamic and ever-changing landscape. In essence, the iterative nature of planning serves as a mechanism for resilience, enabling individuals and organizations to navigate uncertainties and pursue success with…arrow_forwardIn addition to providing directions and reducing the risk of uncertainty, planning helps managers in the many other ways. Explain any four such ways.arrow_forward
- Based on the picture below, explain each briefly like you are teaching this to your students or give a summary explanation about how scenario planning works. Key focal issue Driving forces Critical uncertainties Scenario Frameworkarrow_forwardMangement 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?arrow_forward1. Using the Opportunity-Loss (aka minmax regret) strategy: What is the Maximum Regret if "One Examiner" is hired? 2. Using the Opportunity-Loss (aka minmax regret) strategy: What is the Maximum Regret if "Two Examiners" are hired? 3. Using the Opportunity-Loss (aka minmax regret) strategy: What is the Maximum Regret if "Three Examiners" are hired? 4. If she uses the Opportunity-Loss (aka minmax regret) strategy, how many new examiners will she decide to hire?arrow_forward
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