Management
13th Edition
ISBN: 9780133935813
Author: Stephen P. Robbins; Mary A. Coulter
Publisher: Pearson Education (US)
expand_more
expand_more
format_list_bulleted
Question
Chapter 8, Problem 19DQ
Summary Introduction
To determine:
The plans that are required in a technology-oriented industry. How these plans are significant for the industry.
Introduction:
Planning refers to the process wherein the managers think about the task and activities that needs to be undertaken for attaining the desired objective or goal. Planning is the first step to attain the desired outcome. In other words, Planning is thinking before action actually takes place. It is about deciding in advance to deal with the situation that might occur in the near future.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
What are the advantages and limitations of different types of planning methods, such as scenario planning or contingency planning?
What role does flexibility play in long-term planning, and how can plans be adjusted when circumstances change?
What are the primary challenges that organizations face when it comes to long-term planning, and how can they overcome these challenges?
Knowledge Booster
Similar questions
- What types of planning do you do in your personal life? Describe these plans in terms of being (a) strategic or operational, (b) short term or long term, (c) specific or directional.arrow_forwardAnswer the following questions.1. Why is planning an important activity for engineer managers?2. How may “planning” be defined?3. What planning activities are undertaken at various management levels?4. What are the steps in the planning process?5. What are the types of plans?How may they be classified?6. What is the production plan? What are its components?7. What is a budget? 8. What is meant by “ company mission”?9. What are the barriers to planning?10. What may be used as aids in planningarrow_forwardEffective planning is not only about setting objectives and timelines but also about understanding the resources and constraints involved. It's a process that can make a significant difference in the outcome of any endeavor. How can individuals or organizations prioritize their tasks when there are multiple objectives to achieve, each with its own level of importance?arrow_forward
- Management How can organizations learn from past planning experiences and use that knowledge to improve future planning efforts?arrow_forwardWhat are some common tools and techniques used in the planning process, such as SWOT analysis, PESTEL analysis, and scenario planning?arrow_forwardWhat are different types of Plans? Explainarrow_forward
- What does long term planning involve?arrow_forwardCompare and contrast short-term and long-term planning. Discuss the benefits and challenges associated with each type of planning and provide examples of situations where each approach is most appropriate.arrow_forwardWhat are some key indicators or metrics that can be used to measure the success of a planning process and the implementation of plans?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you