Successful planning includes which of the following?
A) Centralizing the planning process
B) Viewing planning as a commitment to sunk costs
C) Using both numerical and judgmental methods
D) Overanalyzing every detail to ensure effective implementation

Question

Quizplus · Accepted Answer

Successful planning should involve both numerical methods (like forecasting and budgeting) and judgmental methods (like expert opinions and experience). Centralizing the planning process may not always be effective, as it may not involve input from all relevant stakeholders. Viewing planning as a commitment to sunk costs may encourage decision-makers to stick to a plan even if it is no longer feasible or beneficial. Overanalyzing every detail may lead to analysis paralysis and not allow for efficient implementation.

Successful Planning Includes Which of the Following