A good plan is essential as it enables business enterprise to meet the desired possibilities of the future.
Strategic Planning sets direction in which human and material resources of a business will be applied for greater chance of achieving selected goals.
Strategic planning is especially the job of those line managers who sit at the top of the organization.
Scope of participation in planning process tend to decrease as we descend towards the lower levels of management and approach point of execution of the plan.
Strategic planning process requires 9 continuous steps to be followed for effective use of human and material resources of organization for attaining the purpose, mission and objectives of organization.
Planning and goal setting process involves a cycle of eight comprehensive & systematic steps for establishing effective goals and plans for organization.
To overcome the internal and external barriers of organizational goal setting and planning process from environment a manager must follow some key guidelines.
Goal setting and planning are critical to organization effectiveness but setting them is not easy as they face many barriers from both internal and external environment of the organization.
Many different types of plans are adopted by managers to conduct operations, and monitor and control organizational activities.
Planning is important as by nature it enquirers about organizational goals and involves decision making about desired ways and means to achieve goals.