How can managers effectively plan when the external environment is continually changing?
A) They should discontinue formal planning.
B) They should set general but rigid plans.
C) They should be ready to change directions if environmental conditions warrant.
D) They should continue to follow the set organizational plans as persistence will eventually pay off.
E) They should only set short-term goals.

Question

Quizplus · Accepted Answer

Managers should be ready to adapt and change their plans as external conditions change. This means being flexible and open-minded in their planning. By staying attuned to changes in their external environment, they can adjust their plans accordingly and stay competitive. Setting general but rigid plans (B) may result in the failure to respond to changes in the environment, leading to missed opportunities or potential disruptions. Discontinuing formal planning (A) is not a viable option since planning is an essential part of management. Following set organizational plans (D) without considering changes in the external environment could be detrimental to the organization's success. Only setting short-term goals (E) may not be sufficient for meeting long-term objectives and responding to changes in the external environment.

How Can Managers Effectively Plan When the External Environment Is