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Planning is an anticipatory decision making process that involves situation analysis, forecasting outcomes and events, evaluating alternative courses of action, anticipating consequences and considering implementation issues and contingencies. Planning often begins with asking one or more questions, for example: What if ...? Could we ...? Do we ...? Is it possible...? How should we respond ...? How can we ...? Is it feasible to ...?

In general, planning is a proactive process that is intended to help individuals, groups and organizations achieve performance objectives.

Featured Glossary Term

Profit Center

A business unit that is treated as a distinct entity so that revenues and expenses can be determined to measure profitability.

Featured Planning Tip

Planning should be linked to control Plan for control and control the plan. Plans should have measurable indicators that can assist in revising plans and evaluating outcomes.

Linked means long-term and short-term objectives should be established and then measured and tracked.

Planning and control reinforce each other. A good plan facilitates control and a good control system improves planning.

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Copyright © 2004-15 by D. J. Power (see his home page). PlanningSkills.COM^sm is maintained by Alexander P. and Daniel J. Power. Please contact them at djpower1950@gmail.com with questions. See disclaimer and privacy statement. This page was last modified on December 8, 2015.

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Home \| About Us \| What's New
Copyright © 2004-15 by D. J. Power (see his home page). PlanningSkills.COM^sm is maintained by Alexander P. and Daniel J. Power. Please contact them at djpower1950@gmail.com with questions. See disclaimer and privacy statement. This page was last modified on December 8, 2015.