smithjohn2224

Any successful business must embrace both planning and forecasting as two sides of the same coin. They are essential in order for the organisation to achieve its goals and objectives. Reviewing an organization's current activities, identifying flaws from the previous year, and establishing measures to prevent them in future years is what planning is all about. It comprises spelling out an organization's annual goals, as well as the strategies and resources required to achieve them. For management, it is the first step in deciding what to do and how to do it.