The managerial value of planning includes:
A)the planning process brings the management team together.
B)a resulting road map for running the business.
C)planning that provides credibility to employees.
D)Both a & b
E)All of the above

Question

Quizplus · Accepted Answer

Option A is true because planning involves collaboration and coordination between the management team. They must work together to create a shared vision and set of goals for the company.

Option B is true because planning produces a roadmap or action plan that outlines the steps that the company needs to take to achieve its goals. This roadmap helps the company stay on track and make progress towards its objectives.

Option C is not entirely true because employee credibility is not a direct result of planning. However, if the planning process is inclusive and communicates the company's vision and goals clearly, it can help to build trust and engagement among employees.

Therefore, options A and B are correct, while C is partially correct. The correct answer is D.

The Managerial Value of Planning Includes