RES 342 Week 2 DQ 1 - 7956

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What is the role of probability in business research?

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Within today’s global market, many organizations find it imperative to implement the four functions of management into their strategic management function. One of the functions of management is planning, which determines the direction that a company is headed. The planning stage is where organizations implement goals and objectives that should be met to ensure success. Probability is essential within the planning stages of a firm because it gives