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Planning is more than merely setting goals and deciding on a course of action. The text explains planning as "developing rules and procedures, developing plans (both for the organization and for those who work in it), and forecasting (predicting or projecting what the future holds for the firm)". The process of this first function is performed on many levels of the organization. In our organization the process of planning generally starts with the Senior Leadership Team and then works its way through
the organization. During this annual process goals are determined, plans are developed and budgets forecasted...
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