Planning entails the creation of the plan as well as related actions and processes.
Planning aids an organization in determining the best course for achieving its objectives. Reviewing the organization's present operations and determining what needs to be operationally improved in the coming year is the first step in the process. Planning then entails imagining the outcomes the firm wants to achieve and identifying the procedures required to get their success, whether that is measured in monetary terms or goals such as becoming the highest-rated organization in terms of customer satisfaction.
Managers who have grown complacent may need a wake-up call after the goal-setting process. Setting goals also has the benefit of predicting results.
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