If you and a partner were going to visit a foreign country where you have never been before, how much planning would you do ahead of time? What benefit would you expect that planning to provide?
Answer to relevant QuestionsEven though planning is considered the foundation of management, why do you think it is commonly the task that managers neglect most? In an IFEM, would it be advantageous to list your strengths, and then your weaknesses, in order of increasing “weight”? Why? Draw a breakeven chart to illustrate closing stores. Why do you think production/operations managers are often not directly involved in strategy-formulation activities? Why can this be a major organizational weakness? Define and discuss “empirical indicators.”
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