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Topic: Business
Number of pages / Number of words: 212 / 59327
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Companies should try to put in place a system that will minimize the future need for retrospective planning, i.e. planning aimed at removing deficiencies produced by past decisions. This school classifies the future into three types: certainty, uncertainty and ignorance. When the future is reasonably certain, commitment planning can be used...


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planning aimed at removing deficiencies produced by past decisions. This school classifies the future into three types: certainty, uncertainty and ignorance. When the future is reasonably certain, commitment planning can be used. When the future is uncertain but we can be reasonably sure of what the possibilities are, contingency planning can be used...


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