Question

discuss the process of planning (Business studies)​

Answer 1

Answer:

Planning Process

Suggested Videos. Classification of business. ...

1] Recognizing Need for Action. ...

2] Setting Objectives. ...

3] Developing Premises. ...

4] Identifying Alternatives. ...

5] Examining Alternate Course of Action. ...

6] Selecting the Alternative. ...

7] Formulating Supporting Plan.

Answer 2

Answer:

Planning Process

Planning is the first primary function of management that precedes all other functions. The planning function involves the decision of what to do and how it is to be done? So managers focus a lot of their attention on planning and the planning process. Let us take a look at the eight important steps of the planning process.

1] Recognizing Need for Action. ...

2] Setting Objectives. ...

3] Developing Premises. ...

4] Identifying Alternatives. ...

5] Examining Alternate Course of Action. ...

6] Selecting the Alternative. ...

7] Formulating Supporting Plan...

8] Implementation of the Plan....