Question

Explain the general planning process adopted by the business organization

Answer 1

Answer:

The planning process is the steps a company takes to develop budgets to guide its future activities. The documents developed may include: Strategic plans (long-range, high-level company goals)

Answer 2

Explanation:

Planning Process

The planning function of management is one of the most crucial ones. It involves setting the goals of the company and then managing the resources to achieve such goals. As you can imagine it is a systematic process involving eight well thought out steps. Let us take a look at the planning process.