What kind of strategic decisions are taken by business organisations?
The main strategic decisions may include the following:
(i) Whether the company will continue the existing business? or
(ii) Whether the company will combine some new products to the existing business? or
(iii) Whether the company will try to acquire the maximum market share in the existing business?
What are the main points in the definition of planning?
Why are rules considered to be plans?
What are the main features to be considered by the management while planning?
Or
Explain the features of planning.
How does planning provide direction?
