Which one of the following is true of the impact of formal planning on organizational performance?
A) Formal planning is associated with positive financial results.
B) Organizations that formally plan invariably outperform those that don't plan.
C) The amount of planning done is more important to high performance than the quality of planning and implementation.
D) Companies can start seeing the impact of formal planning on performance about a year after starting the planning process.

Question

Quizplus · Accepted Answer

Studies have shown that formal planning is associated with positive financial results, but it does not necessarily guarantee better performance than organizations that do not plan. Quality of planning and implementation is more important than the amount of planning done, and the impact of formal planning on performance can take several years to manifest.

Which One of the Following Is True of the Impact