What are the benefits of planning? What are the limitations of planning? Define the following types of planning: Contingency Scenario Crisis Why is each type of planning above important for today’s managers?

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter9: The Strategic Management Process: Achieving And Sustaining Competitive Advantage
Section9.5: Planning Firm Actions To Implement Strategies
Problem 1CC: What are the three levels of planning, and what kinds of plans do managers develop at each level?
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  1. What are the benefits of planning?
  2. What are the limitations of planning?
  3. Define the following types of planning:
    1. Contingency
    2. Scenario
    3. Crisis
  4. Why is each type of planning above important for today’s managers?
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