Discuss the various steps involved in the planning process and their importance in achieving organizational goals.
Discuss the various steps involved in the planning process and their importance in achieving organizational goals.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
Discuss the various steps involved in the planning process and their importance in
achieving organizational goals.
Expert Solution

Step 1: Define the term organizational goals:
Organizational goals relate to the specific objects, issues, or targets that an association aims to achieve within a defined period. These pretensions give a clear sense of direction and purpose for the association, guiding its conditioning and opinions. Organizational pretensions can vary in terms of compass, time frame, and nature, but they generally serve as a frame for planning, strategizing, and measuring the success of the association.
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