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Author Question: What are the pitfalls of planning? What will be an ideal ... (Read 66 times)

ap345

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on: Jul 6, 2018
What are the pitfalls of planning?
 
  What will be an ideal response?

Question 2

An entrepreneurial venture begins with
 
  A) the development of a business plan.
  B) obtaining financing.
  C) the selection of the most appropriate type of legal structure to operate under.
  D) an idea.


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medine

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Reply #1 on: Jul 6, 2018
Answer to Question 1

There are a number of pitfalls of planning. Future conditions can be forecasted incorrectly, reporting relationships can become overly hierarchical, planning can become a self-contained activity, bureaucratization can become oppressive, and objectives and processes that are no longer optimal for the firm may be used.

Answer to Question 2

D


ap345

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Reply #2 on: Jul 6, 2018
Correct answers!


medine

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Reply #3 on: Jul 6, 2018
Great! Please up vote :D


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