Define planning

HomeCategory: BusinessDefine planning
Mark Moon asked 7 months ago
1 Answers
Mark Moon answered 7 months ago

Definition of planning
Planning can be defined as ‘’thinking ahead with the aim to determine what must be done, when it must  be done, how it must be done, and who should do it” in very simple term, planning the closes the gap between where the business is standing now (its present state)  and where the business wants to be in the future (in two years, five years, or ten years from now). This means that time is very important in planning because plans are always made for a given time period since no business can afford to be planning without an end in mind. 
 
Planning means setting business goals or targets and taking decision in advance, as to the best way to achieve these goals or target. Put in another way, planning involves setting objectives and deciding on an action plan needed to realize the objective.