Planning in today's organizations is more complex compared to 25 years ago due to faster pace of change and more frequent crises. While tools now help plan more efficiently, organizations face more risks to anticipate. The four main categories of planning - financial, strategic, contingency, and succession - have all evolved significantly, with more advanced tools to analyze opportunities, threats, and potential issues. Planning is even more crucial now to adapt to constant changes and forecast responses, ensuring organizations can react quickly and avoid crises.
Planning in today's organizations is more complex compared to 25 years ago due to faster pace of change and more frequent crises. While tools now help plan more efficiently, organizations face more risks to anticipate. The four main categories of planning - financial, strategic, contingency, and succession - have all evolved significantly, with more advanced tools to analyze opportunities, threats, and potential issues. Planning is even more crucial now to adapt to constant changes and forecast responses, ensuring organizations can react quickly and avoid crises.
Planning in today's organizations is more complex compared to 25 years ago due to faster pace of change and more frequent crises. While tools now help plan more efficiently, organizations face more risks to anticipate. The four main categories of planning - financial, strategic, contingency, and succession - have all evolved significantly, with more advanced tools to analyze opportunities, threats, and potential issues. Planning is even more crucial now to adapt to constant changes and forecast responses, ensuring organizations can react quickly and avoid crises.
How do you think planning in today’s organizations compares to
planning 25 years ago ?
Do you think planning becomes more important or less important in a world where everything is changing quickly and crises are a regular part of organizational life?
As far as planning in today’s organizations compared to planning in an
organization from 25 years ago there are many of the same challenges, but there are quite a few differences as well. While today we have countless tools to help us plan more efficiently within our organizations, we also we live in a much faster pace world than existed 25 years ago. There are many ways to list the types of organizational plans, but all the types will usually fall into the four main categories of financial, strategic, contingency, and succession (Ahmed, 2018). All of these categories have highly evolved in the last 25 years. Financial planning has never been more complex but there are many tools that organizations can use to forecast the potential financial difficulty. These types of tools may have existed 25 years ago but were not as available or useful as they are today. Strategic planning involves translating the organization’s vision into goals and objectives with steps in place to achieve them (Ahmed, 2018).This type of planning involves analyzing the organization’s future opportunities and threats (Ahmed, 2018). Strategic planning tools like financial planning tools have never been as useful and available as they are today. This is the exact case with contingency planning and succession planning as well. There have never been as many potential risks that current organizations need to plan for with contingency plans as there are today. With succession planning it requires a plan be put in place in case someone in a decision-making management position leaves the organization. There is much more potential of this today than there was 25 years ago just based solely on the number of other opportunities decision-making managers have compared to back then.Planning is much more important in a world where there are so many quick changes and crisis are a part of organizational life. Planning will help an organization to react better to those quick changes and avoid the crisis within the organization. According to Daft (2016 p.165), “in uncertain environments, planning and environmental forecasting actually become more important as a way to keep the organization geared for a coordinated, speedy response.” If there is no organizational planning then the organization will fail. All of the types of organizational planning that were covered above is all about adapting to change and forecasting how to overcome any potential crisis that may occur in the organization. There has never been as many resources available to help overcome any issues that may arise as there are today and taking full advantage of them will ensure the organization will be successful.
Defination Goal + plan
Goal= target you set
Planning 25 years old before and after limited tech resources