How can feedback and regular reviews be incorporated into the planning process to ensure its effectiveness?
How can feedback and regular reviews be incorporated into the planning process to ensure its effectiveness?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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How can feedback and regular reviews be incorporated into the planning process to ensure its effectiveness?
Expert Solution
Step 1: Define what is planning process
The goal-setting, strategy-defining, and step-outlining processes that are part of the management planning process are systematic and organized. It entails a number of connected actions that assist a business or person in making defensible choices regarding the allocation of resources and future course of action.
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