The difference in planning today's organization as compare to planning 25 years ago. Introduction: Planning is a process of making the plan before executing any work. The process of planning includes identification of goals and objectives, formulation of strategies, creating the means required and implementation and monitoring. The First step of planning is to establish a strategic goal. The strategic goal is a statement defining where the company wants to be in the future. The strategic goal represents the whole organization's goal rather than to the goal of a division or department. After setting the strategic goal, the organization prepares its strategic plans. Strategic plans define the action steps by which the company intends to attain strategic goals. Strategic plans are actually the blueprint that defines the organizational activities and allocations required for meeting long terms targets.

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The federal minimum wage was last updated to $7.25 in 2009. Is this enough money to live on? According to a study from the University of California Berkeley Labor Center, federal and state taxes are currently subsidizing the wages of low-wage employees to the tune of 153 billion a year. Is this fair? Should the law be changed? Or is it true that the minimum wage should be abolished/lowered for infringing on individuals' right to contract and for causing higher unemployment?

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Chapter 7, Problem 6DQ

Summary Introduction

To determine:

The difference in planning today's organization as compare to planning 25 years ago.

Introduction:

Planning is a process of making the plan before executing any work. The process of planning includes identification of goals and objectives, formulation of strategies, creating the means required and implementation and monitoring.

The First step of planning is to establish a strategic goal. The strategic goal is a statement defining where the company wants to be in the future. The strategic goal represents the whole organization's goal rather than to the goal of a division or department. After setting the strategic goal, the organization prepares its strategic plans. Strategic plans define the action steps by which the company intends to attain strategic goals. Strategic plans are actually the blueprint that defines the organizational activities and allocations required for meeting long terms targets.

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