Production decisions guided by corporate planning from "summary" of The New Industrial State by John Kenneth Galbraith
The modern industrial system is characterized by a complex interplay of forces that influence the decisions made by corporations. One of the most important factors shaping these decisions is corporate planning. In this system, production decisions are not made in isolation but are guided by a comprehensive corporate plan that takes into account a wide range of factors. Corporate planning involves setting long-term goals, developing strategies to achieve those goals, and allocating resources accordingly. It is a forward-looking process that requires careful analysis of market conditions, technological developments, and other external factors that could impact the business. By aligning production decisions with the overall corporate plan, companies can ensure that their resourc...
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