Why do organizations do planning? Is planning a solution for everything?
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Planning helps companies identify markets that are large and growing, which makes it easier for the company to build revenues. Planning also helps companies gain a clear picture of the competitors they will be going up against. They are better able to develop strategies that take advantage of competitors' weaknesses
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Planning in business is essential to success. When a company has a planning process and a plan to follow, leaders are better equipped to prepare for the future. A business plan creates a focus for the company, uniting employees toward common goals. When everyone works together, it’s easier to manage time and resources, to position the company for growth.
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