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A Skeptical Manager Asks What Long-Range Forecasts Can Be Used

question 108

Essay

A skeptical manager asks what long-range forecasts can be used for. Give her three possible uses/purposes.

Appreciate the importance of corrective actions in managerial control.
Understand the role of performance measurement in the controlling process.
Recognize the significance of preparing for and monitoring the effectiveness of control systems.
Develop an understanding of how control systems support strategic objectives.

Definitions:

Writing Process

The series of steps a writer takes to produce a piece of writing, typically including prewriting, drafting, revising, and editing.

Functionally

In a manner relating to the practical or effective use or purpose of something, often within a specific context.

Chronologically

Arranging events or information in the order of their occurrence in time.

Order of Importance

A method of organizing content by prioritizing the most significant points or ideas first.

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