questionthe financial crisis in america reminded, Business Management

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questionthe financial crisis in america reminded

QUESTION

The financial crisis in America reminded business organizations about the difficulty to plan in a very dynamic business environment. Many organizations were unprepared to deal with the changes brought about the negative impacts of the financial crisis and they had to eventually close down

(a) Discuss the importance of planning for a business organization

(b) Explain how organizations can make the planning process more effective

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