BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Planning is ____
A
Flexible
B
Stable
C
Rigid
D
None of these
Explanation: 

Detailed explanation-1: -Answer: In planning, flexibility means that everybody knows exactly what goal they are trying to achieve, but also that the path to it is not carved in stone (especially when it comes to software development).

Detailed explanation-2: -Planning is a flexible, goal-oriented and time-bound process.

Detailed explanation-3: -Flexible planning means you’re able to have a high level project plan in place, but also know how to adjust it, monitor it for risks and challenges, and improve when needed.

Detailed explanation-4: -The plans are rigid in nature and have to be complied with throughout the organisation.

Detailed explanation-5: -Planning is dynamic (flexible): Planning is a dynamic function in the sense that the changes and modifications are continuously done in the planned course of action on account of changes in business environment.

There is 1 question to complete.