How Does Poor Planning Affect Business Performance?
Poor planning can severely impact business performance in several ways:
Resource Misallocation: Inefficient use of financial, human, and physical resources leads to wastage and increased operational costs. Missed Deadlines: Without a clear timeline, projects are likely to experience delays, affecting customer satisfaction and revenue. Strategic Missteps: Lack of strategic direction can result in misguided business decisions, affecting the company’s competitive edge.