Answered: 4.1 With the aid of appropriate…

Business

Management

4.1 With the aid of appropriate examples, explain the importance of planning to management.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Related questions

Q: describe each of the following management functions; 1. Planning 2. Organizing 3. Leading/directing…

A: Management is a vital business function concerned with all attributes of the working of…

Q: 6. You are a member of the middle management for a software company. Describe the type of plans you…

A: Note: This is a subjective question hence we will provide the answer in a generalized way. Planning…

Q: The innovative idead is good but too generalized and short. Can this be expanded and be…

A: Innovation is highly important because a company that follows traditional ideas is not valued by the…

Q: write short notes on the following

A: Management is a method that helps managers and employees to improve their skills and knowledge for…

Q: The primary purpose of the OKR methodology (Objectives and Key Results) is to: a) Raise money from…

A: OKR methodology is a used to strategize effectively so as to help the organization in attaining it's…

Q: There are several steps in the planning process. Review the variations shown in the table below.…

A: Planning is a crucial function of an organization. Appropriate planning helps an organization…

Q: As a healthcare manager, how can I use the strategic planning information Providing 1 example?…

A: Strategic planning is integral for healthcare managers in navigating the complex and dynamic…

Q: Organizational Planning Example (Here is an example of a live org chart where company can visualize…

A: Organizational planning is a process of describing grounds for a company’s existence, setting goals…

Q: Organizational planning is like charting your company's path on a map. You need to know what…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: nt, plans are only effective if implemented properly. How do organizations perform planning…

A: Planning is the way toward contemplating the exercises needed to accomplish an ideal objective. It…

Q: Al-Mazoon Company is producing Milk products in Oman. The top management sets a production target of…

A: Top management of the company is responsible for handling all the functions of management. There are…

Q: Choose the correct answer: 1. Which of the following processes is antithetical to the opposite of…

A: Disclaimer: Since you have asked multiple question, we will solve the first question for you. If you…

Q: The ________ management level performs ________ planning to determine the major goals of the…

A: The term "Levels of Management" refers to the dividing line between different managerial positions…

Q: Planning is an essential aspect of human life, whether it's about personal goals, business…

A: Planning is the process of setting pretensions, determining the most effective and effective means…

Q: From all the topics tackled in this course (The Role of Corporate Travel Manager, Travel Perk…

A: The role of corporate travel managers, travel perk management handling corporate accounts, and…

Q: Which of the following is a management function carried out to make comparisons between planned…

A: Answer: Control

Q: 'Planning is the basic function of management. Comment.

A: The profession of management involves organizing a company's actions and resources to achieve…

Q: Which level of management is mostly responsible for day to day planning? A. Top level managers B.…

A: B) Supervisory Level The supervisory or operative level of management is sometimes known as the…

Q: Managing by objectives (MBO) is considered as a modern management approach distilled from principles…

A: Management by objectives known as MBO refers to a strategic management tool that helps to improve…

Q: Planning is the primary function of management as it establishes the platform for all the other…

A: Concept Introduction :- Planning is the central function of management, which helps in determining…

Q: Let us test your understanding of the business terminology that you have been exposec to in this…

A: Management is divided into five functions namely planning, organizing, staffing, directing, and…

Q: A supermarket is looking to implement a decision support system, however management remains…

A: As per Bartleby's guidelines, we only answer the first question in case multiple unrelated questions…

Q: Set up choose a public company to analyze. You may use the same company as the Value Chain & PEST…

A: A company analysis is a thorough investigation of a specific firm that focuses on several different…

Q: Think of an organizational vision and provide its output per per function • Planning (What you will…

A: If the goal is to bind the energy of every associate of your company to grow a high-performing,…

Q: To make a “bulletproof” business plan, some mistakes must be avoided, and the following must be…

A: Introduction A business plan is a crucial document that gives a summary and outline of the future of…

Q: The a description of an organization's values, definition of its responsibilities to stakeholders,…

A: The a description of an organization's values, definition of its responsibilities to stakeholders,…

Q: Planning is the foundational cornerstone of success in virtually every endeavor. Whether in personal…

A: The objective of this question is to understand the role of effective planning in mitigating risks…

Q: Which of the following is a management function carried out to make comparisons between planned…

A: Answer : Control

Q: PLEASE ANSWER PART A OF THE BELOW QUESTION AND THE REMAINDER OF THE QUESTION WILL BE ASKED AS A…

A: Middle management is the aspect of the management level in the business. The organization's manpower…

Q: Step nine (9) of strategic management process, according to Scarborough et al is…

A: The objective of this question is to identify three key performance indicators (KPIs) for an…

Q: Answer the following questions.1. Why is planning an important activity for engineer managers?2. How…

A: Top-level management is described as a level of management that includes the managing director,…

Q: What is a good job title

A: When considering a suitable job title, it's important to consider the specific responsibilities and…

Q: Which is considered as the core of planning? a. Organizing b. Decision making c. Staffing d.…

A: Management function determines the overall process of business operations in different areas such as…

Q: Explain in your own words the following: the greater the uncertainty, the greater the need for…

A: Planning refers to the process of thinking ahead and preparing for future events or activities. It…

Q: 1. In a paragraph, formulate an analysis about the big lie in strategic planning by Roger L. Martin.…

A: In the insightful article "The Big Lie in Strategic Planning" by Roger L. Martin, the author…

Q: 7. is consider strength In SWOT analysis. favorable factors trends in the external environment…

A: Option D ( Internal Resources)

Q: aleh works eight hours a day. He makes a daily “To do list” to complete his work tasks. Saleh adds…

A: The planning process starts with setting up the objectives. Once the objectives are set, then you…

Q: Q1. Explain the importance of Management in organizational success. a. Explain the contribution of…

A: Dear student as per our guidelines we can answer only first 3 sub parts of the question and…

Q: Management expert solve it please. 1. First note: 2. Other wise I will dislike 3.…

A: Ethics is following a set of rules that specify what constitutes morally acceptable activity and it…

Q: With reference to this statement from the case study, outline and explain how CRM metrics can help…

A: CRM metrics, or Customer Relationship Management metrics, can play a crucial role in helping…

Q: Give a brief summary of budgetary control as a managerial control technique.

A: Management refers to the act of allocating a company's resources and actions to meet specific goals…

Q: explain some important steps to implementing Business Strategy.

A: Business Strategy refers to the means/plans/actions used/planned/done respectively to achieve the…

Q: which of the following assumptions characterizes comprehensive planning? O A. There is a common…

A: Comprehensive planning is an attempt to establish guidelines for the future growth of a community.…

Q: "Management is a set of functions) leading to (effective, and (efficient utilization of resources in…

A: Three approaches of management: Classical, behavioural, and Modern. The classical approach includes…

Question

100%

4.1 With the aid of appropriate examples, explain the importance of planning
to management.
4.2 Describe how traditional management has had to adapt to modern digital management. Provide examples to support your answer.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Answer for Q4.1:

VIEW

Explanation:

VIEW

Conclusion:

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

The planning method is changing and evolving over time, as are all facets of good management. Think of an organisation, whether your workplace or your college or university, you are reasonably acquainted with. Choose one of the following four strategy methods and describe how the organisation will successfully utilise the selected plan method to increase its success in a volatile climate. Decentralized schedule Extend goals Dashboards output Teams with intelligence
Urgent, Help!!
P.S.. I do buying & selling of cars. So plz make it of that type. Thanks.
which one is correct please confirm? QUESTION 11 In considering financial planning, the type of planning that focuses more on the overall direction of the business and the industry is _______. a. strategic b. deterministic c. operational d. probabilistic
i need the answer quickly
Give explaination for answer and give summary at last
"Contemporary business organizations need to allocate more time on planning." Examine this statement using examples
are developed and used to implement strategic plans. * Tactical plans. O Visions. O Operational plans. Missions.
SWOT, Strengths, Weaknesses, Opportunities, Threats. 1. Produce a new business idea. 2. Conduct a SWOT analysis for the new business idea developed 3. Identify a minimum of 5 items for each component in the SWOT analysis.
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.
14-In SWOT analysis, which of the following will you write in the strengths?. a. the future growth chances available for the business b. the expertise and resources available in the business c. lack of competitors d. All the options are correct
give example of: executive summary sales and marketing plan operation plan financial aspect appendix for business plan implementation hope it can also serve as template for me