How Do Managers Plan?(cont. Developing Plans(cont.) Contingency Factors in Planning(cont.) degree of environmental uncertainty -when uncertainty is high,plans should be specific. but flexible length of future commitments -commitment concept-plans should extend far enough to meet those commitments made when the plans were developed >the more that current plans affect future commitments,the longer the time frame for which managers should plan Prentice Hall,2002 7-24How Do Managers Plan? (cont.) Developing Plans (cont.) – Contingency Factors in Planning (cont.) • degree of environmental uncertainty – when uncertainty is high, plans should be specific, but flexible • length of future commitments – commitment concept - plans should extend far enough to meet those commitments made when the plans were developed »the more that current plans affect future commitments, the longer the time frame for which managers should plan © Prentice Hall, 2002 7-24