Question : Case Study: GHI Construction Company
GHI Construction Company is a well-known firm in the construction industry. They have been using traditional construction techniques but are now planning to adopt sustainable methods.
The importance of planning for GHI Construction Company lies in:
Option 1: Enhancing employee autonomy
Option 2: Limiting financial resources
Option 3: Facilitating decision-making process
Option 4: Ignoring external opportunities
Correct Answer: Facilitating decision-making process
Solution : The correct answer is (c) Facilitating the decision-making process
Planning is crucial for facilitating the decision-making process for several reasons. Planning helps GHI Construction Company set a strategic direction for adopting sustainable construction methods. It involves defining goals, objectives, and the steps needed to transition from traditional to sustainable practices. Through planning, the company can identify the resources required for the adoption of sustainable methods. This includes financial resources, materials, training, and other inputs necessary for a successful transition.
Planning allows GHI Construction Company to anticipate potential challenges and risks associated with the adoption of sustainable methods. By identifying these challenges in advance, the company can develop strategies to mitigate risks and ensure a smoother transition.
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