Several research studies have conclusively proven that planning ...

[Jramos095]

Several research studies have conclusively proven that planning organizations always outperform non-planning organizations.
 
  Indicate whether the statement is true or false.

Question 2

In a short essay, define planning and discuss the characteristics of formal planning as it is used in various organizations.
 
  What will be an ideal response?

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Answer to Question 1

Answer: FALSE

Answer to Question 2

Answer: Planning involves defining the organization's goals, establishing an overall strategy for achieving those goals, and developing a comprehensive set of plans to integrate and coordinate organizational work. It is concerned with both ends and means. In formal planning, specific goals covering a period of years are defined. These goals are written and known to organizational members.