Evaluating The Role Of Planning And Forcasting In Achieving Managerial Efficiency

        ABSTRACTThe research was conducted mainly to evaluate the role of planning and forecasting in achieving managerial efficiency. Individuals and organizations have operated for hundreds of years by planning and forecasting in an intuitive manner. It was not until the 1950s that formal approaches became popular. Since then, such approaches have been used by business, government, and nonprofit organizations. Advocates of formal approaches (for example, Steiner, 1979) claim that an organization can improve its effectiveness if it can forecast its environment, a…