Steps in Planning:
1.Awareness of opportunities and problems
a)What business opportunities will arise in future
b)What benefits will the organization get
c)How to exploit these opportunities
2. Collecting and tantalizing information
3. Determination of objectives
4. Assessment of environment
5. Premising and forecasting
6. Review of key factors
7. Development of alternative plans
8. Evaluation of alternative plans
9. Selection of a suitable plan
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