Business planning is generally conducted annually, and although arrangements and practices will differ from organisation to organisation, the annual business planning cycle is likely to cover a review and prioritisation of strategic priorities, the development of a strategic business plan and separate business plans to cover all areas of the business, the allocation of resources (including setting and agreeing budgets) to deliver agreed targets and objectives, and ensuring that what has been agreed is delivered.
The business planning process- a business plan describes the business’s vision and objectives as well as the strategy and tactics that will be employed to achieve them. A plan may also provide the basis for operational budgets, targets,
The business planning process- a business plan describes the business’s vision and objectives as well as the strategy and tactics that will be employed to achieve them. A plan may also provide the basis for operational budgets, targets,