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.
E) Formal planning establishes goals or standards to replace controls.

Question

Quizplus · Accepted Answer

Formal planning has been found to be associated with positive financial outcomes such as higher profits, return on investment, and growth in sales. However, it is important to note that formal planning alone may not guarantee success, as other factors such as implementation and external forces also play a role in organizational performance.

Which of the Following Is True of the Impact of Formal