BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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when it is happening
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what might happen
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should something happen
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should something stop
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Detailed explanation-1: -Planning encourages management to think systematically about what has happened, what is happening, and . Option B is the correct answer. B. Planning is a way of calculating what the current scenario is, what is the future method going to be, and how to implement it.
Detailed explanation-2: -In particular, planning helps to critically assess the goal to see if it’s realistic. It facilitates decision making and allows setting a time frame by predicting when the company can achieve its goal. It also defines how to measure performance against the set goals and whose responsibility it will be.
Detailed explanation-3: -Stage 1: Identify problems and needs. Stage 2: Develop goals and objectives. Stage 3: Develop alternative strategies. Stage 4: Select strategies and develop a detailed plan. Stage 5: Design a monitoring and evaluation plan.
Detailed explanation-4: -Step 2: Establishing Outcome Statements. The second step in the planning process consists of deciding “where the organization is headed, or is going to end up.” Ideally, this involves establishing goals.
Detailed explanation-5: -Planning is the process of deciding in advance what is to be done, what is to be done, who is to do it and how it is to be done and when it is to be done. The determination of a course of action to achieve the desired result and bridges the gap from where we are to, Where we want to go.