discuss the importance of feedback and control in the planning process. how do organizations monitor and adjust their plans to ensure they stay on track?

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 importance of feedback and control in the planning process. how do organizations monitor and adjust their plans to ensure they stay on track?

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Step 1: Define the term planning process:

The planning process refers to a methodical  and  systematized series of conditioning or  way accepted by  individualities, associations, or groups to set  pretensions, identify  objects, develop strategies, and outline the necessary  conduct  needed to achieve those  pretensions and  objects. 

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