Chapter 8, Problem 6RDQ

Summary Introduction

To determine:

The difference between planning involved in a for profit organization like C company and not for profit organization like A company

Introduction:

Planning refers to the process wherein the managers think about the task and activities that needs to be undertaken for attaining the desired objective or goal. Planning is the first step to attain the desired outcome. In other words, Planning is thinking before action actually takes place. It is about deciding in advance to deal with the situation that might occur in the near future.