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week3questions - 1 Larger companies would benefit from a...

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1. Larger companies would benefit from a formal planning process because they are so big there wouldn’t be a lot of communication between everyone in the company. Larger companies are probably the most likely to face the planning misfires because they are so big. 2. The most important planning benefits are all of them because if you don’t have one of them then part of your business won’t be good. 3. I would rank the difficulty of carrying out the five approaches to successful planning is an eight out of ten. Because to carry out these approaches is time consuming and costs money. 4. Yes I agree that some of the best planning comes from the lower levels of the business because they are the ones working and they know what works and what doesn’t work. And the higher levels of the business are doing the work first had so that can’t plan the “best” way. 5. The pitfalls of planning are poor forecasts of future conditions, plans imposed from above, planning as a self-contained activity, extensive bureaucratization, and inflexible adherence to objectives and processes.
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