Which 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 after about a year of starting the planning process.

Question

Quizplus · Accepted Answer

There is a strong positive association between formal planning and positive financial results, as research has consistently demonstrated. However, formal planning is not a guarantee of higher organizational performance, nor is the amount of planning necessarily more important than its quality and implementation. The timing of when companies start seeing the impact of formal planning may also vary depending on factors such as the nature of the organization and the goals of the planning process.

Which of the Following Is True of the Impact of Formal