What Is The Planning Process? The planning process is the steps a company takes to develop budgets to guide its future activities. The documents developed may include strategic plans, tactical plans, operating plans, and project plans. What are the steps in the planning process? Define objectives. The first, and most crucial, step in the planning
Which Of The Following Is The Purpose Of Operational Plans? The purpose of the Operational Plan is to provide organisation personnel with a clear picture of their tasks and responsibilities in line with the goals and objectives contained within the Strategic Plan. Basically, the Operational Plan is a plan for the implementation of strategies contained
What Are The Two Basic Components Of Planning? Planning is the process by which managers establish goals and specify how these goals are to be attained. Plans have two basic components: outcome or goal statements and action statements. Outcome or goal statements represent the end state—the targets and outcomes managers hope to attain. What are