Explain the planning process in business
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- 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)
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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. ... Also, planning has a specific process and is necessary for multiple occupations (particularly in fields such as management, business, etc.).
The planning process is concerned with defining a company's goals and determining the resources necessary to achieve those goals. ... To meet business goals, managers develop business plans not only to reach targets but also to strengthen and change public perception of the company's brand.
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