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However, these four basic concepts are still at the core of managerial thinking, they are Planning, Organizing, Leading, and Controlling.
Planning is concerned with the future impact of today’s decision. (Erven, n.d.) Planning, as a basic definition, is setting objectives, analyzing dependencies and scheduling activities and resources to ensure that objectives are met. It is an ongoing process of developing the business’ mission and objectives and determining how they will be accomplished. Planning includes both the broadest view of the organization, e.g., its mission, and the narrowest, e...
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