Nature and Purposes of Planning

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What are documents that outline how goals are going to be met and usually include resource allocations, schedules, and other necessary actions to accomplish the goals?

Plans (correct)

Labor unions

Government regulations

Financial goals

Which type of goals are related to the performance of the firm relative to factors in its external environment, such as competitors?

Government regulations

Financial goals

Strategic goals (correct)

Labor unions

What factor can reduce the impact of planning on performance, according to the text?

Schedules

Resource allocations

Formal planning time frame (correct)

Financial targets

What is required before planning begins to affect performance?

At least four years of formal planning Signup and view all the answers

What is the primary purpose of planning in an organization?

To establish strategies for achieving goals Signup and view all the answers

What is formal planning in an organization characterized by?

Specific goals covering a specific time period Signup and view all the answers

What does planning help to minimize in an organization?

Uncertainty and waste Signup and view all the answers

What is formal planning associated with in an organization?

Positive financial results Signup and view all the answers

In the traditional approach to planning, who is primarily responsible for the planning process?

Top-level managers Signup and view all the answers

What is the role of a formal planning department in the traditional approach to planning?

To write organizational plans Signup and view all the answers

How should managers develop plans in uncertain environments according to the text?

Specific, but flexible Signup and view all the answers

What is the purpose of environmental scanning according to the text?

Screening information to detect emerging trends Signup and view all the answers

Nature and Purposes of Planning

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Questions and Answers

What are documents that outline how goals are going to be met and usually include resource allocations, schedules, and other necessary actions to accomplish the goals?

Which type of goals are related to the performance of the firm relative to factors in its external environment, such as competitors?

What factor can reduce the impact of planning on performance, according to the text?

What is required before planning begins to affect performance?

What is the primary purpose of planning in an organization?

What is formal planning in an organization characterized by?

What does planning help to minimize in an organization?

What is formal planning associated with in an organization?

In the traditional approach to planning, who is primarily responsible for the planning process?

What is the role of a formal planning department in the traditional approach to planning?

How should managers develop plans in uncertain environments according to the text?

What is the purpose of environmental scanning according to the text?

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