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This question is about employer.
What is central planning?
Central planning refers to a specific type of managerial approach in which decisions about resource allocation are made by a central figure or centralized authority within a company or organization.
Central planning is often used in organizations that are both large and complex, and it requires a high amount of coordination and collaboration between specific teams and departments.
Here are some key bullet points about central planning:
Central planning involves the centralized authority in an organization to make decisions concerning the allocation of resources, including items like labor and capital.
The centralized authority can be a specific individual, such as a top-level management official, or it can be a specific planning department within the organization.
This approach involves comprehensive planning to meet organizational goals and objectives.
The plan is centralized planning used to determine the resources the organization requires to meet its objectives and goals.
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