From the course: Human Resources: Strategic Workforce Planning
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How business planning horizons affect SWP
From the course: Human Resources: Strategic Workforce Planning
How business planning horizons affect SWP
- Can you imagine a professional sports team or military general taking the field or conducting an operation without any sort of plan? I know, it's ludicrous. Planning is essential to business success just as it is in sports or the military. It's the very heart of management. Planning helps managers reduce uncertainty. In this video, we'll first consider why planning is important and then we'll examine different timeframes for planning and how they affect what you'll do in strategic workforce planning. Planning is important because it's crucial to success. Studies consistently show that planners outperform non-planners. Planning gives managers in organizations a sense of being in control of their fate rather than leaving it to chance because it requires managers to define their objectives. Without objectives, effective control is impossible. As has often been said, if you don't know where you're going, any road will get you there, but you're more likely to arrive on time and unscathed…
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