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Planning - Coggle Diagram
Planning
Benefits of Planning
Anticipate Problems
Identify
Strenghts
Weaknesses
Oppertunities
Threats
Benchmarking
Improves Motivation
Finance
Types of plans
Long term
Strategic
5-10 Years
Tactical
1-2 Years
Short Term
Operational
Month
Other
Contingency
In case of an unforeseen event
Financial Planning
Planning for Income/Expenditure
Helps to secure loans etc
Human Resource/ Man Power
Planning for the amount of employees you need
Steps in Planning
Asses the current situation
Set a Goal
Create a Plan
Implement the Plan
Review the plan
SMART
Specific
Measurable
Achievable
Relevant
Timely