How To Plan Theory Which Illustrates The Open-system Approach To Management. Comment?
Planning theory illustrates the open-system approach to management.comment?
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Planning is very important in the open-system approach because open system is dynamic and people interact with internal and external environment and learn new ways. The environment is dynamic; therefore the condition and parameters will change with time. So proper planning is needed to deal with these changes in order to have competitive edge. As now business cannot be done in isolation so one must know what their competitors are up to in order to have a first mover advantage. Therefore, the organization must be familiar with the both macro and micro threats and opportunities around them and try to deal with the threats in effective manner in order to avail opportunities.
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