BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ENVIRONMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Planning is a ____ process
A
Periodic
B
continuous
C
casual
D
annual
Explanation: 

Detailed explanation-1: -The continuous planning process involves monitoring goals, metrics, and milestones for existing priorities; identifying, developing, and advancing new strategic priorities; and ensuring a culture of self-evaluation, innovation, agility, and adaptability.

Detailed explanation-2: -Continuous Process: Plans are made for a specific term, say for a month, quarter, year and so on. Once that period is over, new plans are drawn, considering organisation’s present and future requirements and conditions. Therefore, it is an ongoing process, as the plans are framed, executed and followed by another plan.

Detailed explanation-3: -Answer. Planning is a continuous process as after each plan another one is executed. Planning is a continuous process since new plans, one after another are needed to be formulated and executed.

Detailed explanation-4: -Having a continuous planning process in place will ensure that you have a touch point to assess the financial performance of your company with newer, fresher, and more accurate information.

Detailed explanation-5: -Continuous planning is a dynamic approach to project planning that constantly assesses events, both internal and external, to help drive decisions and adjust the plan.

There is 1 question to complete.