Idioms are used in all areas of the English language but can be considered important when it comes to learning English through speaking. Every language has idioms, and learning them can be challenging if you’re not a native speaker of …
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SWOT Analysis is the primary stage of strategic planning and concentrates on collecting information from the environment. The full form of SWOT is Strength (S), Weakness (W), Opportunity (O), and Threats (T) that an organization has to face and capitalize …
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Environmental scanning is the process of monitoring, evaluating, and disseminating information from internal and external environments. Environmental factors are important for the formulation and implementation of the strategic plan. As an open system, organizational performance is affected by environmental changes. …
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Strategic planning is the comprehensive master plan stating how the organization will achieve its mission and objectives. It is dynamic and long-range planning which focuses on the organization as a whole. Strategic planning is the process of determining how to …
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Planning is a primary and inseparable function of management. It is a continuous process tip to the existence of an organization. It ensures smooth performance and the best utilization of resources including manpower. Planning also defines a clear line of …
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For good planning, it is essential to complete some procedures. For a systematic approach to planning, it is essential to complete some procedures or steps in the planning process. Determining objectives and the courses of action needed to obtain these …
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Hierarchy of Planning: Planning is a pervasive function; therefore, it forms a hierarchy. The managers at different levels form different types of plans. Top-level management prepares higher-level plans whereas middle and first-line managers prepare lower-level plans. Therefore, lower level plans …
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Planning Definition: Planning is the first and foremost function of management which involves deciding the vision, mission, goals, targets, etc. Planning is the primary function of management. It specifies the objectives to be achieved in the future and selects the best …
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