Discuss the concept of innovation and creativity in planning. How can organizations foster innovation in their planning processes?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Discuss the concept of innovation and creativity in planning. How can organizations foster innovation in their planning processes?

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Step 1: Define Planning:

Planning is a methodical and conscious course of putting forth objectives, characterizing targets, illustrating techniques, and making a guide to accomplish explicit results or wanted results. It includes recognizing the important assets, errands, courses of events, and likely difficulties in really designating assets and endeavors toward accomplishing a specific reason. Planning is an essential capability of the executives and dynamic across different spaces, including business, government, project board, and individual life, empowering people and associations to sort out their activities and assets in an organized and proficient way to arrive at their planned goals.

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