Explain the concept of planning in the management process. How does effective planning impact an organization's performance and long-term goals?

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter9: The Strategic Management Process: Achieving And Sustaining Competitive Advantage
Section: Chapter Questions
Problem 5CRQ: What managerial skills and actions are included in the planning process?
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Explain the concept of planning in the management process. How does effective planning
impact an organization's performance and long-term goals?
Transcribed Image Text:Explain the concept of planning in the management process. How does effective planning impact an organization's performance and long-term goals?
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