Differentiate between external and internal planning premises
Answers
Explanation:
Read the statements given below. Write against each if it represents a feature, orimportance of planning or neither.(a) Planning is the primary function of management.(b) Planning brings about efficiency and effectiveness.(c) Planning is always futuristic(d) Planning reduces uncertainty, risk and confusion.
(e) Planning helps in achieving coordination and control
Answer:
Explanation:
Internal business plans
of a company is enhanced by in-house functionalities of an organisation.The revenue for an internal business functions should be accumulated from the ‘internal cash’such as internal funds and debts.
Some examples of items that might appear on an external roadmap:
new features
timeline for next version release
hiring of key positions
milestones
opening of new locations
External business functions
indicates the growth from external developments such as acquisition of other firms and mergers with other companies in the same industry.
Some examples of items that might appear on internal roadmap:
sales goals
expansion plans
development goals
hiring plans
trimming workforce plans
merger plans