Planning is the process of setting objectives for a given period and formulating various courses of action to achieve them and selecting the best possible alternatives from the various courses of action available there.
Learn the comprehensive step-by-step strategic planningprocess that helps organizations set goals, analyze environments, formulate strategies, implement plans, and monitor progress.
This blog will walk you through key aspects of the project planningprocess, offering practical tips and best practices to help your team build, adjust, and execute plans more effectively.
This is the primary step in the process of planning which specifies the objective of an organisation, i.e. what an organisation wants to achieve. The planningprocess begins with the setting of objectives.
The planningprocess is a systematic approach that involves defining objectives, analyzing the environment, developing strategies, allocating resources, implementing the plan, and monitoring progress.
Explain why the planning cycle is an essential part of running a business. Organizations have goals they want to achieve, so they must consider the best way of reaching their goals and must decide the specific steps to be taken. However, this is not a linear, step-by-step process.
The planningprocess is different from one plan to another and one organisation to another. Given below is a planningprocess which may be treated as commonly acceptable:
The planningprocess includes recognizing the need for action, setting objectives, developing premises, identifying alternatives, examining alternate courses of action, selecting the best alternative, formulating supporting plans, and implementing the plan.
After managers have moved through the five steps of the planningprocess and have drawn up and implemented specific plans, they must monitor and maintain their plans.
