Explain the Need for and the Role Of

question 78

Essay

Explain the need for and the role of

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Definitions:

Anticipate Future

The act of predicting or expecting upcoming events or trends, allowing individuals or organizations to prepare or adjust accordingly.

Costly Mistakes

Costly Mistakes are errors or poor decisions that result in significant financial loss or damage.

Planning

Process of anticipating future events and conditions and determining courses of action for achieving organizational objectives.

Organizational Objectives

Specific, measurable goals set by a business or organization to guide its operations and strategic decisions.