The most significant barrier to effective planning is change. Effective planning strategies typically include changes, both real and perceived, to people, systems, processes and structure. This can be highly disruptive to an organization.Know More
People may fear their roles within an organization diminishing or disappearing altogether due to anticipated changes. System technologies may need an overhaul to accommodate the new strategy, and this could affect the ability of employees to do their jobs.
Organizational structure may also be revamped, shifting the chain of command as old departments within an organization are eliminated and new ones are created. Processes will also be under scrutiny during effective planning, and concerns may be raised about how implementing more effective processes could phase out specific jobs.Learn more about Financial Planning
Planning for businesses provides several crucial benefits, such as financial planning, setting goals and objectives, and identifying areas of strength and weaknesses. Business plans help all companies plan for the future by taking into consideration short-term and long-term goals, such as projected revenue and ideal sales volumes. Planning also allows companies to examine the resources they have, including personnel and finances, and how to use those resources to meet certain goals.Full Answer >
Lippitt's theory of change is based on the concept of an external agent creating change through careful planning. The Canadian Journal of Nursing Informatics explains that in nursing the care team becomes the external agent affecting change through designing and implementing care plans for patients.Full Answer >
The acronym "SSA" stands for the Social Security Administration, the government agency that oversees the disbursal of SSI, or Supplemental Security Income, funds, according to the Social Security Administration. The SSA administers all Social Security-related programs.Full Answer >
Holders of a 401(k) face no government-defined maximum limit on withdrawals, although individual plans may impose restrictions on the withdrawal amount available to the plan holder, according to Smart401k. After reaching the age of 70 1/2 or upon retirement, 401(k) plans are subject to a required minimum distribution amount.Full Answer >