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What is Understanding the Planning Process in Management about?
Planning is the process of deciding in advance what to do, how to do it, when to do it, and who will do it. It involves setting objectives, developing assumptions about the future environment, identifying alternative courses of action, evaluating alternatives, selecting alternatives, implementing plans, and following up on plans. Planning is important because it facilitates decision making, reduces uncertainty and risks, provides direction, establishes standards for control, and helps reduce overlapping and
- Author
- Srikant Nair
- Language
- EN