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Most of the planning is carried out in today's complex environment under a state of uncertainty. Conditions of uncertainty exist when the future environment is unpredictable and everything is in a state of flux. In an environment of such high uncertainty, which of the following strategies should be used to make a plan more effective?
[A]Rely on long-term forecasting in the industry
[B]Place less reliance on lower and middle management’s advice
[C]Go for long-term planning, i.e., more than five years' duration
[D]Adopt a directional plan with an emphasis on the short-term
Dec 18 2017 Read more Less More
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