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Problem regarding the planning and forecasting

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Reference no: EM131083511

Planning and Forecasting 

1) Why is planning said to have "primacy" among the managerial functions? 

2) Briefly outline the concept of management by objectives (MBO) and the steps involved in implementing this technique in organizations.

3) For a given product and company (such as automobiles from Ford) list a set of premises (assumptions) regarding such matters as the economy, competition, materials, labor, customer demand, and other factors that should govern planning over the next five years. 

Reference no: EM131083511

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