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?
Plans
Which type of goals are related to the performance of the firm relative to factors in its external environment, such as competitors?
Strategic goals
What factor can reduce the impact of planning on performance, according to the text?
Formal planning time frame
What is required before planning begins to affect performance?
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What is the primary purpose of planning in an organization?
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What is formal planning in an organization characterized by?
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What does planning help to minimize in an organization?
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What is formal planning associated with in an organization?
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In the traditional approach to planning, who is primarily responsible for the planning process?
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What is the role of a formal planning department in the traditional approach to planning?
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How should managers develop plans in uncertain environments according to the text?
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What is the purpose of environmental scanning according to the text?
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