Planning is the process of:
A) ensuring that a reasonable profit is made each year.
B) creating a 'roadmap' for achieving corporate goals and objectives.
C) just setting goals and objectives.
D) ensuring that assets are properly used.

Question

Quizplus · Accepted Answer

Planning involves creating a strategic plan or roadmap for achieving corporate goals and objectives. It goes beyond just setting goals and objectives and also includes identifying the resources needed and how they will be allocated to ensure that assets are properly used. While ensuring a reasonable profit may be a goal for some organizations, it is not the sole purpose of planning.

Planning Is the Process Of