Planning horizons are important because they allow an organization to:

Planning horizons are important because they allow an organization to:
A . Support a structured response supported by all levels of the organization
B . Sense and respond to their changing environment
C . Ensure senior management is informed and engaged
D . Allow management guidance for decision making

View Answer

Answer: B

Explanation:

In constant and rapidly changing environments, organizations are required to be able to sense and respond to local opportunities and problems without the need to involve the whole organization, while also looking forward at emerging threats and opportunities. These planning horizons provide a framework for the shift in focus that occurs when moving between understanding the long-term strategic needs of the organization and the immediate needs of a customer.