Explain Planning. (Entrepeneurship 12th)
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The planning process is the steps a company takes to develop budgets to guide its future activities. ... Strategic plans (long-range, high-level company goals) Tactical plans (shorter-term, specific plans to work toward goals in the strategic plan) Operating plans (detailed plans for a specific department to implement)Planning is the process of thinking about the activities required to achieve a desired goal. It is the first and foremost activity to achieve desired results. It involves the creation and maintenance of a plan, such as psychological aspects that require conceptual skills.
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