What are the major step in planning?

Answer 1

• Establish a mission statement, i.e. what you have to accomplish internally in the company and externally with customers to achieve your vision statement.

• Define performance key results areas, business operating goals, action plans and support department objectives and development requirements.

• Develop a financial plan which includes sales, revenues, and costs, operating expenses, capital requirements and key operating assumptions.

• Establish reporting and benchmarking timeframes, status meetings and follow-up on Key-Results Areas.

Answer 2

select

record

examine

design

measure

define

install

maintain