Planning is the process of setting goals, defining strategies, and outlining tasks and schedules to accomplish those goals. It involves analyzing current situations, forecasting future conditions, and making informed decisions to achieve desired outcomes. In a business context, planning helps organizations allocate resources efficiently, minimize risks, and adapt to changing circumstances. Key elements of planning include: 1. **Goal Setting**: Identifying specific, measurable, achievable, relevant, and time-bound (SMART) objectives.
New to topics? Read the docs here!