Explanation:
The long-running debate between the ‘rational design’ and ‘emergent process’ schools of strategy formation has involved caricatures of firms' strategic planning processes, but little empirical evidence of whether and how companies plan. Despite the presumption that environmental turbulence renders conventional strategic planning all but impossible, the evidence from the corporate sector suggests that reports of the demise of strategic planning are greatly exaggerated. The goal of this paper is to fill this empirical gap by describing the characteristics of the strategic planning systems of multinational, multibusiness companies faced with volatile, unpredictable business environments. In-depth case studies of the planning systems of eight of the world's largest oil companies identified fundamental changes in the nature and role of strategic planning since the end of the 1970s. The findings point to a possible reconciliation of ‘design’ and ‘process’ approaches to strategy formulation. The study pointed to a process of planned emergence in which strategic planning systems provided a mechanism for coordinating decentralized strategy formulation within a structure of demanding performance targets and clear corporate guidelines. The study shows that these planning systems fostered adaptation and responsiveness, but showed limited innovation and analytical sophistication
Process Costing system involved several processes or departments under which the next department receives partially completed product from the previous department. The first department receives the raw material and it does not receive any output from other department.
Hence except the first department, each department receives output from the prior department as a partially processed product.
Hence the answer is <u>True.</u>
Answer:
Total= 45,684 feet
Explanation:
Giving the following information:
Production budget:
February= 10,993
March= 8,559
Each chair produced uses 5 board feet of wood.
Management wants an ending inventory level of raw materials to equal 20% of the production needs (in wood) for the next month.
Direct material budget:
Production= 10,993*5= 54,965
Desired ending inventroy= (8,559*5)*0.2= 1,712
Beginning inventory= (10,993*5)*0.2= (10,993)
Total= 45,684 feet
Answer:
if you eat yourself, still you are swallowing your own body mass so u wont' disappear or get big, you'll just change in shape. but will have the same weight and mass!
Nope, only 36 weeks since twins are conceived and born together!
Nope, i thinks thuderstorms invented n a s a!
You can't do that to the ice cube out because your body had absorbed the water in it after melting it down.
if you don't look like your parents at all, tell them u are adopted!!
No, they have Short vision! :P
Yeah.... I had crush on Ariel, Snow white and Sleeping Beauty!
Explanation:
The system that compares actual results to a budget so that significant
deviations can be flagged and investigated further is called management by
exception
Management by exception is the type that helps the managers to focus on
the most important variances while ignoring unimportant changes between
the budget and actual results.
This is commonly used in budgets preparation to ensure that the important
factors which may affect project completion are taken into consideration to
prevent shortages.
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