Edwin recently graduated with his honours qualification in Financial Management and wants to open up his own catering company, however, he realised that he needs ‘man‐power’ for his business to run successfully. Questions 1. Explain to Edwin the importance of planning in an organisation. Provide relevant examples to support your discussion. 2. Explain to Thabang the activities involved in human resource planning
Edwin recently graduated with his honours qualification in Financial Management and wants to open up his own catering company, however, he realised that he needs ‘man‐power’ for his business to run successfully. Questions 1. Explain to Edwin the importance of planning in an organisation. Provide relevant examples to support your discussion. 2. Explain to Thabang the activities involved in human resource planning
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
Edwin recently graduated with his honours qualification in
Questions
1. Explain to Edwin the importance of planning in an organisation. Provide relevant examples to support your discussion.
2. Explain to Thabang the activities involved in human resource planning
Expert Solution
Step 1
In general terms, planning means to decide in advance what is to be done in advance in order to accomplish the organizational goal. In other words, it is all about the process that is followed in order to create a roadmap for the future course of action.
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