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Planning - Coggle Diagram
Planning
Types of Planning
Operational Plan
Contingency Plan
Tactical Plan
Human Resource Plan
Strategic Planning
Financial Plan
S.M.A.R.T
Relevant
Timed
Acheivable
Measurable
Specific
Stakeholders In Planning
Employees
Can indicate if there's future promotion
Investors
Can indicate to suppliers that the business intends to expand
Suppliers
Can indicate to suppliers that the business intends to expand
Definition
Planning occurs when management looks to the future and sets specific goals for the business.
The manager must put strategies in place in order to acheive these goals.