In this chapter, we talked about how firms do strategic, functional, and operational planning. Yet some firms seem to be successful without formal planning. Do you think planning is essential to a firm's success? How might planning hurt an organization? Under what cir- cumstances do you believe that formal planning is and is not important to an organization?
In this chapter, we talked about how firms do strategic, functional, and operational planning. Yet some firms seem to be successful without formal planning. Do you think planning is essential to a firm's success? How might planning hurt an organization? Under what cir- cumstances do you believe that formal planning is and is not important to an organization?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:In this chapter, we talked about how firms do strategic,
functional, and operational planning. Yet some firms
seem to be successful without formal planning. Do
you think planning is essential to a firm's success? How
might planning hurt an organization? Under what cir-
cumstances do you believe that formal planning is and
is not important to an organization?
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