14. Describe how strategic planning is different from long- range planning.
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Step by step
Solved in 3 steps
- Planning1. Explain the objectives of planning. Why are they necessary?2. Distinguishes the various types of plans that are developed in companies.1. Discuss the relationship between long-term, strategic and corporate planning. 2. Discuss the importance of all three to the success of an organization.1. Define informal planning. What are the advantages of informal planning over formal planning(strategy) 2. In which situations or scenarios is informal planning suitable to be used in an organisation?
- Q2: Explain how managers use planning techniques to evaluate the opportunities and threats in the organization’s environment and formulate strategy.Steps in the planning process: 1. Feasibility analysis 2. Prediction and projection 3. Goal articulation/problem diagnosis 4. Alternatives’ design 5. Implementation 6. Evaluation What sequence of the above steps best describes the rational planning process and why? DiscussA. Describe Earl’s multiple methodology in IS planning?B. Select appropriate IS planning methodologies for an organization?C. Prepare an IS strategic plan for an organization?