discuss the importance of feedback and control in the planning process. how do organizations monitor and adjust their plans to ensure they stay on track?
discuss the importance of feedback and control in the planning process. how do organizations monitor and adjust their plans to ensure they stay on track?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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discuss the importance of feedback and control in the planning process. how do organizations monitor and adjust their plans to ensure they stay on track?
Expert Solution
Step 1: Define the term planning process:
The planning process refers to a methodical and systematized series of conditioning or way accepted by individualities, associations, or groups to set pretensions, identify objects, develop strategies, and outline the necessary conduct needed to achieve those pretensions and objects.
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