Business Finance
Saudi Electronic University Failing to Plan Is Planning to Fail Paper

Saudi electronic university

Question Description

I need an explanation for this Business question to help me study.

Assignment Regulation:

All students are encouraged to use their own words.

Student must apply “Times New Roman Font” with double space within their reports.

The attached cover-page has to be used, duly filled. Submissions without the cover page will NOT be accepted

A mark of zero will be given for any submission that includes copying from other resource without referencing it.

Assignment -2 should be submitted on or before the end of Week-10.

If the assignment shows more than 25% plagiarism, the students would be graded zero.



“Failing to plan is planning to fail”, is the proverb that affect project planning. Based on this proverb you are required to answer the questions given below. For better understanding, please refer your textbook chapter-11 and answer accordingly.

1. List few consequences, which arises due to poor planning, and explain them in your words. Give an example of any product, which failed, in the market due to poor planning. (2.5 Marks)

2. Do you think systematic planning help in setting goals and making decisions? Give reasons to support your answer by choosing any event (e.g. product launch, conducting exhibitions etc). (2.5 Marks)

3. Describe the above given proverb with an example based on your understanding. (2 Marks)

4. Identify the type of planning required to establish effective monitoring and controlling in the display of products in Supermarkets and explain the process with any example of your choice. (Refer Pg-413, Figure-11-1 for your understanding). (3 Marks)

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Final Answer

Attached.

Running head: FAILING TO PLAN IS PLANNING TO FAIL

“Failing to plan is planning to fail."
Student’s Name
Institution

1

FAILING TO PLAN IS PLANNING TO FAIL

2

Question 1
For the success of any business, planning is the base. Failing to plan will affect the growth and
business of the company negatively. Various impacts emerge as a result of poor planning that
includes:


Poor planning will affect the growth of the business. The primary effect is that it will
influence business progression. If there is no proper plan in place, it will shrink the
business progression (Jean, 2013).



Poor planning severely affects the firm’s reputation, given that it will result in a bad
image for the brand value.



It will lead to demotivation of workers. This is because the workers get disappointed and
in turn become demotivated



Poor planning lessens the share of the market of the company or product. It will diminish
the market share among the rivals.



Loss of Expense or Wastage of Money once a pla...

ProfOscar (14080)
Duke University

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