The planning cycle is represented with six steps in our text, but in practice, it has innumerable steps, with many steps that are repeated and reviewed as events unfold, just as a driver checks the map or GPS frequently.
The planning cycle defines the specific goals and shows that how the goals support the vision and mission. Here, the goals should be stated in measurable terms wherever possible.
Planning, and in fact all of the management functions involved, is a cycle which is known to be within a cycle. As for most of the organizations, new goals are continually being made or existing goals may get changed, or new events may get unfold so there planning never ends.
Hence, the planning cycle takes innumerable steps.
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Answer:
The correct answer is letter "C": critical evaluation.
Explanation:
Critical evaluations are useful to identify weaknesses and strengths in a company. Managers in charge of this task increase the firm's chances to maximize their resources and reduce risk damage. Based on the information collected, several steps are taken towards reaching the organization's objectives or adjusting the firm's plan with the same purpose.
Answer: C) Otto
Explanation: Unlike the general perception evidenced in the research, having inflation is not a negative event. In fact, enjoying constant and controlled price increases is a sign that the demand for households is good, which translates at the same time into a greater need for production which ultimately results in economic growth.
Answer:
- News report on website and social media channels.
- Quarterly earnings call.
- Annual General meeting.
Explanation:
As there are no options available, I listed three ways in order of ease of implementation.
Catherine could include the news in a news report or newsletter and post it on the company website and their social media platforms to ensure that as many of their shareholders as possible read it. This is the easiest method mentioned and can be done as soon as possible.
Catherine can also update the shareholders during Quarterly Earnings calls which is a webcast or teleconference where she will update shareholders on the happenings in the company. As this happens quarterly, Catherine may have to wait some time to use it so it is second in ease of use.
Catherine could also wait till the Annual General Meeting of the shareholders to do so but this could take quite a long time.