Organization and Management: PLANNING

Which of the following is NOT true about planning?

• Planning reduces uncertainty.

• Planning provides direction to the organization.

• Ineffectiveness and inefficiencies can be eliminated.

• Good performance and success will be attained.

Individuals who formally plan have better performance compared to those who do not plan.

• True

• False

Planning-performance relationship could be associated with the time spent in preparing and executing a formal organizational or individual plan.

• True

• False

This refers to the completeness of planning coverage.

• Comprehensiveness

• Specificity

• Frequency

• Strategic Plans

This refers to the number of times or instances a plan may be used.

• Comprehensiveness

• Specificity

• Frequency

• Strategic Plans

This refers to very detailed, clearly defined plans wherein objectives are clearly stated and could be easily understood.

• Comprehensiveness

• Specificity

• Frequency

• Strategic Plans

Plans that establish the organization's overall goals and apply to the entire firm.

• Strategic plans

• Operational plans

• Long-term plans

• Short-term plans

Plans that apply to a particular unit area only; their scope is narrow.

• Strategic plans

• Operational plans

• Long-term plans

• Short-term plans

Plans that are ongoing; provide guidance for different activities done repeatedly.

• Directional plans

• Specific plans

• Single-use plans

• Standing plans

Plans that are clearly stated and which have no room for interpretation; language used must be very understandable.

• Directional plans

• Specific plans

• Single-use plans

• Standing plans