
Long questions with answers for this topic
Planning is deciding organisational objectives and future courses of action in advance to achieve those objectives.
Forecasting is the process of estimating future conditions (like demand, prices or costs) to support planning.
A policy is a type of plan that provides a general guideline for decision making in recurring situations.
A budget is a quantified plan expressed in numbers (money, units or time) for a future period.
Decision making is the process of choosing the best alternative among available options to solve a problem or achieve a goal.
Planning provides direction by clearly stating what is to be achieved and how work should proceed.
Main steps in planning are:
Flow (write/draw): Objectives → Premises → Alternatives → Evaluation → Selection → Supporting plans → Implementation → Review
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