SlideShare a Scribd company logo
1 of 2
Chapter 4: How do you think planning in today’s
organizations compares to planning in an organization 25
years ago? Do you think planning becomes more important
or less important in a world where everything quickly
changes and crises are a regular part of organizational
life? Why?
As far as planning in today’s organizations compared to
planning in an organization from 25 years ago there are
many of the same challenges, but there are quite a few
differences as well. While today we have countless tools
to help us plan more efficiently within our
organizations, we also we live in a much faster pace
world than existed 25 years ago. There are many ways to
list the types of organizational plans, but all the types
will usually fall into the four main categories of
financial, strategic, contingency, and succession (Ahmed,
2018). All of these categories have highly evolved in the
last 25 years. Financial planning has never been more
complex but there are many tools that organizations can
use to forecast the potential financial difficulty. These
types of tools may have existed 25 years ago but were not
as available or useful as they are today. Strategic
planning involves translating the organization’s vision
into goals and objectives with steps in place to achieve
them (Ahmed, 2018).This type of planning involves
analyzing the organization’s future opportunities and
threats (Ahmed, 2018). Strategic planning tools like
financial planning tools have never been as useful and
available as they are today. This is the exact case with
contingency planning and succession planning as well.
There have never been as many potential risks that
current organizations need to plan for with contingency
plans as there are today. With succession planning it
requires a plan be put in place in case someone in a
decision-making management position leaves the
organization. There is much more potential of this today
than there was 25 years ago just based solely on the
number of other opportunities decision-making managers
have compared to back then.Planning is much more
important in a world where there are so many quick
changes and crisis are a part of organizational life.
Planning will help an organization to react better to
those quick changes and avoid the crisis within the
organization. According to Daft (2016 p.165), “in
uncertain environments, planning and environmental
forecasting actually become more important as a way to
keep the organization geared for a coordinated, speedy
response.” If there is no organizational planning then
the organization will fail. All of the types of
organizational planning that were covered above is all
about adapting to change and forecasting how to overcome
any potential crisis that may occur in the organization.
There has never been as many resources available to help
overcome any issues that may arise as there are today and
taking full advantage of them will ensure the
organization will be successful.

More Related Content

Similar to Chapter 4.docx

Bryson. chapter 1. why strategic planning is more important than ever
Bryson. chapter 1. why strategic planning is more important than everBryson. chapter 1. why strategic planning is more important than ever
Bryson. chapter 1. why strategic planning is more important than everBeulah Heights University
 
Bab 4 perencanaan
Bab 4 perencanaanBab 4 perencanaan
Bab 4 perencanaanPT. SASA
 
32. Strategic Planning A Ten Step Guide
32. Strategic Planning A Ten Step Guide32. Strategic Planning A Ten Step Guide
32. Strategic Planning A Ten Step GuideEarl Stevens
 
Info strategic planning – the basic idea idealist
Info  strategic planning – the basic idea   idealistInfo  strategic planning – the basic idea   idealist
Info strategic planning – the basic idea idealistErin Warnock
 
Initiating strategic planning process
Initiating strategic planning processInitiating strategic planning process
Initiating strategic planning processdutconsult
 
Respond to each peer initial post with a response about 3-4 sentence.docx
Respond to each peer initial post with a response about 3-4 sentence.docxRespond to each peer initial post with a response about 3-4 sentence.docx
Respond to each peer initial post with a response about 3-4 sentence.docxcarlstromcurtis
 
Understanding the Dynamics of Strategic Planning
Understanding the Dynamics of  Strategic PlanningUnderstanding the Dynamics of  Strategic Planning
Understanding the Dynamics of Strategic PlanningJo Balucanag - Bitonio
 
Strategic Issues In Nonprofit Management
Strategic Issues In Nonprofit ManagementStrategic Issues In Nonprofit Management
Strategic Issues In Nonprofit ManagementUniversity For Peace
 
Business competitive environment
Business competitive environmentBusiness competitive environment
Business competitive environmentshazila999
 
Organizational Change And Development Of Management
Organizational Change And Development Of ManagementOrganizational Change And Development Of Management
Organizational Change And Development Of ManagementJennifer Perry
 
1 Strategic Planning for Planning for Public and Non Public Organizations 012...
1 Strategic Planning for Planning for Public and Non Public Organizations 012...1 Strategic Planning for Planning for Public and Non Public Organizations 012...
1 Strategic Planning for Planning for Public and Non Public Organizations 012...Jo Balucanag - Bitonio
 
NURS 6241 Strategic Planning in Healthcare Organizations.docx
NURS 6241 Strategic Planning in Healthcare Organizations.docxNURS 6241 Strategic Planning in Healthcare Organizations.docx
NURS 6241 Strategic Planning in Healthcare Organizations.docxgibbonshay
 
Facilitating Transformation in Crisis
Facilitating Transformation in CrisisFacilitating Transformation in Crisis
Facilitating Transformation in CrisisMark Pixley
 
Strategic planning is a method for composing a plan which relates th.pdf
Strategic planning is a method for composing a plan which relates th.pdfStrategic planning is a method for composing a plan which relates th.pdf
Strategic planning is a method for composing a plan which relates th.pdfnageswara1958
 
IdeaManagementOutlineandpaper (4)
IdeaManagementOutlineandpaper (4)IdeaManagementOutlineandpaper (4)
IdeaManagementOutlineandpaper (4)Ryan Long
 

Similar to Chapter 4.docx (20)

Bryson. chapter 1. why strategic planning is more important than ever
Bryson. chapter 1. why strategic planning is more important than everBryson. chapter 1. why strategic planning is more important than ever
Bryson. chapter 1. why strategic planning is more important than ever
 
Bab 4 perencanaan
Bab 4 perencanaanBab 4 perencanaan
Bab 4 perencanaan
 
32. Strategic Planning A Ten Step Guide
32. Strategic Planning A Ten Step Guide32. Strategic Planning A Ten Step Guide
32. Strategic Planning A Ten Step Guide
 
Info strategic planning – the basic idea idealist
Info  strategic planning – the basic idea   idealistInfo  strategic planning – the basic idea   idealist
Info strategic planning – the basic idea idealist
 
Initiating strategic planning process
Initiating strategic planning processInitiating strategic planning process
Initiating strategic planning process
 
Respond to each peer initial post with a response about 3-4 sentence.docx
Respond to each peer initial post with a response about 3-4 sentence.docxRespond to each peer initial post with a response about 3-4 sentence.docx
Respond to each peer initial post with a response about 3-4 sentence.docx
 
MPA 207 Planning Process Revised
MPA 207 Planning Process RevisedMPA 207 Planning Process Revised
MPA 207 Planning Process Revised
 
Understanding the Dynamics of Strategic Planning
Understanding the Dynamics of  Strategic PlanningUnderstanding the Dynamics of  Strategic Planning
Understanding the Dynamics of Strategic Planning
 
Strategic Issues In Nonprofit Management
Strategic Issues In Nonprofit ManagementStrategic Issues In Nonprofit Management
Strategic Issues In Nonprofit Management
 
Business competitive environment
Business competitive environmentBusiness competitive environment
Business competitive environment
 
Organizational Change And Development Of Management
Organizational Change And Development Of ManagementOrganizational Change And Development Of Management
Organizational Change And Development Of Management
 
1 Strategic Planning for Planning for Public and Non Public Organizations 012...
1 Strategic Planning for Planning for Public and Non Public Organizations 012...1 Strategic Planning for Planning for Public and Non Public Organizations 012...
1 Strategic Planning for Planning for Public and Non Public Organizations 012...
 
NURS 6241 Strategic Planning in Healthcare Organizations.docx
NURS 6241 Strategic Planning in Healthcare Organizations.docxNURS 6241 Strategic Planning in Healthcare Organizations.docx
NURS 6241 Strategic Planning in Healthcare Organizations.docx
 
STS-The STA to BHPTO
STS-The STA to BHPTOSTS-The STA to BHPTO
STS-The STA to BHPTO
 
Planning for Everyone
Planning for EveryonePlanning for Everyone
Planning for Everyone
 
CHANGE MANAGEMENT
CHANGE MANAGEMENT                                                 CHANGE MANAGEMENT
CHANGE MANAGEMENT
 
Facilitating Transformation in Crisis
Facilitating Transformation in CrisisFacilitating Transformation in Crisis
Facilitating Transformation in Crisis
 
Strategic planning is a method for composing a plan which relates th.pdf
Strategic planning is a method for composing a plan which relates th.pdfStrategic planning is a method for composing a plan which relates th.pdf
Strategic planning is a method for composing a plan which relates th.pdf
 
Importance of Planning
Importance of PlanningImportance of Planning
Importance of Planning
 
IdeaManagementOutlineandpaper (4)
IdeaManagementOutlineandpaper (4)IdeaManagementOutlineandpaper (4)
IdeaManagementOutlineandpaper (4)
 

More from teza bekele

CH - 6 Leading broad.pptx
CH - 6 Leading broad.pptxCH - 6 Leading broad.pptx
CH - 6 Leading broad.pptxteza bekele
 
CH - 6 Leading.pptx
CH - 6 Leading.pptxCH - 6 Leading.pptx
CH - 6 Leading.pptxteza bekele
 
CH - 5 Staffing.pptx
CH - 5 Staffing.pptxCH - 5 Staffing.pptx
CH - 5 Staffing.pptxteza bekele
 
CH - 7 Controlling.pptx
CH - 7 Controlling.pptxCH - 7 Controlling.pptx
CH - 7 Controlling.pptxteza bekele
 
CH - 4 Organizing.pptx
CH - 4 Organizing.pptxCH - 4 Organizing.pptx
CH - 4 Organizing.pptxteza bekele
 
CH - 3 Planning.pptx
CH - 3  Planning.pptxCH - 3  Planning.pptx
CH - 3 Planning.pptxteza bekele
 
Ch - 1 Introduction.pptx
Ch - 1 Introduction.pptxCh - 1 Introduction.pptx
Ch - 1 Introduction.pptxteza bekele
 
CH - 2 Decision making.pptx
CH - 2  Decision making.pptxCH - 2  Decision making.pptx
CH - 2 Decision making.pptxteza bekele
 
MAIN BODY TESHOME.docx
MAIN BODY TESHOME.docxMAIN BODY TESHOME.docx
MAIN BODY TESHOME.docxteza bekele
 
finished research Yordi.docx
finished research  Yordi.docxfinished research  Yordi.docx
finished research Yordi.docxteza bekele
 
Bisrat Tesfaye research..doc
Bisrat Tesfaye research..docBisrat Tesfaye research..doc
Bisrat Tesfaye research..docteza bekele
 
HRM_Assign 1.doc
HRM_Assign 1.docHRM_Assign 1.doc
HRM_Assign 1.docteza bekele
 
HRM_Assign 2.docx
HRM_Assign 2.docxHRM_Assign 2.docx
HRM_Assign 2.docxteza bekele
 
HRM_Assign 3.docx
HRM_Assign 3.docxHRM_Assign 3.docx
HRM_Assign 3.docxteza bekele
 
Bisrat Tesfaye Research proposal.doc
Bisrat Tesfaye Research proposal.docBisrat Tesfaye Research proposal.doc
Bisrat Tesfaye Research proposal.docteza bekele
 
CHAPTER 3,4 and 5.docx
CHAPTER 3,4 and 5.docxCHAPTER 3,4 and 5.docx
CHAPTER 3,4 and 5.docxteza bekele
 
ANWAR FINAL RESEARCH PROPOSAL 1.docx
ANWAR FINAL RESEARCH PROPOSAL 1.docxANWAR FINAL RESEARCH PROPOSAL 1.docx
ANWAR FINAL RESEARCH PROPOSAL 1.docxteza bekele
 

More from teza bekele (20)

CH - 6 Leading broad.pptx
CH - 6 Leading broad.pptxCH - 6 Leading broad.pptx
CH - 6 Leading broad.pptx
 
CH - 6 Leading.pptx
CH - 6 Leading.pptxCH - 6 Leading.pptx
CH - 6 Leading.pptx
 
CH - 5 Staffing.pptx
CH - 5 Staffing.pptxCH - 5 Staffing.pptx
CH - 5 Staffing.pptx
 
CH - 7 Controlling.pptx
CH - 7 Controlling.pptxCH - 7 Controlling.pptx
CH - 7 Controlling.pptx
 
CH - 4 Organizing.pptx
CH - 4 Organizing.pptxCH - 4 Organizing.pptx
CH - 4 Organizing.pptx
 
CH - 3 Planning.pptx
CH - 3  Planning.pptxCH - 3  Planning.pptx
CH - 3 Planning.pptx
 
Ch - 1 Introduction.pptx
Ch - 1 Introduction.pptxCh - 1 Introduction.pptx
Ch - 1 Introduction.pptx
 
CH - 2 Decision making.pptx
CH - 2  Decision making.pptxCH - 2  Decision making.pptx
CH - 2 Decision making.pptx
 
MAIN BODY TESHOME.docx
MAIN BODY TESHOME.docxMAIN BODY TESHOME.docx
MAIN BODY TESHOME.docx
 
finished research Yordi.docx
finished research  Yordi.docxfinished research  Yordi.docx
finished research Yordi.docx
 
Bisrat Tesfaye research..doc
Bisrat Tesfaye research..docBisrat Tesfaye research..doc
Bisrat Tesfaye research..doc
 
HRM_Assign 1.doc
HRM_Assign 1.docHRM_Assign 1.doc
HRM_Assign 1.doc
 
HRM_Assign 2.docx
HRM_Assign 2.docxHRM_Assign 2.docx
HRM_Assign 2.docx
 
HRM_Assign 3.docx
HRM_Assign 3.docxHRM_Assign 3.docx
HRM_Assign 3.docx
 
Bisrat Tesfaye Research proposal.doc
Bisrat Tesfaye Research proposal.docBisrat Tesfaye Research proposal.doc
Bisrat Tesfaye Research proposal.doc
 
CHAPTER 3,4 and 5.docx
CHAPTER 3,4 and 5.docxCHAPTER 3,4 and 5.docx
CHAPTER 3,4 and 5.docx
 
ANWAR FINAL RESEARCH PROPOSAL 1.docx
ANWAR FINAL RESEARCH PROPOSAL 1.docxANWAR FINAL RESEARCH PROPOSAL 1.docx
ANWAR FINAL RESEARCH PROPOSAL 1.docx
 
Chapter two
Chapter twoChapter two
Chapter two
 
Chapter three
Chapter threeChapter three
Chapter three
 
Chapter five
Chapter fiveChapter five
Chapter five
 

Recently uploaded

/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc.../:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...lizamodels9
 
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...lizamodels9
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth MarketingShawn Pang
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurSuhani Kapoor
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableDipal Arora
 
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...lizamodels9
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Serviceritikaroy0888
 
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999Tina Ji
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...lizamodels9
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.Aaiza Hassan
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdfRenandantas16
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewasmakika9823
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfPaul Menig
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsApsara Of India
 
rishikeshgirls.in- Rishikesh call girl.pdf
rishikeshgirls.in- Rishikesh call girl.pdfrishikeshgirls.in- Rishikesh call girl.pdf
rishikeshgirls.in- Rishikesh call girl.pdfmuskan1121w
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation SlidesKeppelCorporation
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear RegressionRavindra Nath Shukla
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024christinemoorman
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,noida100girls
 

Recently uploaded (20)

/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc.../:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
 
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
 
Forklift Operations: Safety through Cartoons
Forklift Operations: Safety through CartoonsForklift Operations: Safety through Cartoons
Forklift Operations: Safety through Cartoons
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
 
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdf
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
 
rishikeshgirls.in- Rishikesh call girl.pdf
rishikeshgirls.in- Rishikesh call girl.pdfrishikeshgirls.in- Rishikesh call girl.pdf
rishikeshgirls.in- Rishikesh call girl.pdf
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear Regression
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
 

Chapter 4.docx

  • 1. Chapter 4: How do you think planning in today’s organizations compares to planning in an organization 25 years ago? Do you think planning becomes more important or less important in a world where everything quickly changes and crises are a regular part of organizational life? Why? As far as planning in today’s organizations compared to planning in an organization from 25 years ago there are many of the same challenges, but there are quite a few differences as well. While today we have countless tools to help us plan more efficiently within our organizations, we also we live in a much faster pace world than existed 25 years ago. There are many ways to list the types of organizational plans, but all the types will usually fall into the four main categories of financial, strategic, contingency, and succession (Ahmed, 2018). All of these categories have highly evolved in the last 25 years. Financial planning has never been more complex but there are many tools that organizations can use to forecast the potential financial difficulty. These types of tools may have existed 25 years ago but were not as available or useful as they are today. Strategic planning involves translating the organization’s vision into goals and objectives with steps in place to achieve them (Ahmed, 2018).This type of planning involves analyzing the organization’s future opportunities and threats (Ahmed, 2018). Strategic planning tools like financial planning tools have never been as useful and available as they are today. This is the exact case with contingency planning and succession planning as well. There have never been as many potential risks that current organizations need to plan for with contingency plans as there are today. With succession planning it requires a plan be put in place in case someone in a decision-making management position leaves the organization. There is much more potential of this today than there was 25 years ago just based solely on the number of other opportunities decision-making managers have compared to back then.Planning is much more important in a world where there are so many quick changes and crisis are a part of organizational life. Planning will help an organization to react better to those quick changes and avoid the crisis within the
  • 2. organization. According to Daft (2016 p.165), “in uncertain environments, planning and environmental forecasting actually become more important as a way to keep the organization geared for a coordinated, speedy response.” If there is no organizational planning then the organization will fail. All of the types of organizational planning that were covered above is all about adapting to change and forecasting how to overcome any potential crisis that may occur in the organization. There has never been as many resources available to help overcome any issues that may arise as there are today and taking full advantage of them will ensure the organization will be successful.