Importance of Planning in Management
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Questions and Answers

What is the main purpose of planning in an organization?

  • To define specific goals within a specific time period
  • To develop a comprehensive hierarchy of plans
  • To establish a basis for organizing, leading, and controlling (correct)
  • To integrate and coordinate activities informally

In what way does formal planning differ from informal planning?

  • Formal planning is general and lacks specificity
  • Formal planning is not written down
  • Informal planning lacks continuity (correct)
  • Informal planning involves verbalizing specific goals

What distinguishes the development of specific plans in an organization?

  • Clarifying actions needed to achieve organizational goals (correct)
  • Ensuring that plans remain verbalized
  • Integrating activities informally
  • Creating a general strategy for achieving objectives

Which type of businesses often use informal planning?

<p>Smaller businesses (A)</p> Signup and view all the answers

Why is it important for managers to make formal plans available to organization members?

<p>To provide clarity and direction for the organization (B)</p> Signup and view all the answers

What is the primary purpose of planning in an organization?

<p>Achieving specific goals and objectives (B)</p> Signup and view all the answers

What distinguishes the informal planning used by smaller businesses from formal planning?

<p>Informal planning involves specific time-bound goals. (A)</p> Signup and view all the answers

Which type of planning is characterized by little verbalization or documentation and a lack of continuity?

<p>Generalized planning (A)</p> Signup and view all the answers

Why do smaller businesses often prefer informal planning over formal planning?

<p>To allow for more flexibility in decision-making (A)</p> Signup and view all the answers

What role does formal planning play in helping organizations achieve their goals?

<p>It sets specific goals and timeframes for achieving them. (C)</p> Signup and view all the answers

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