People have always tried to achieve specific purposes and in this effort some sort of planning has always found a place. Planning in corporations emerged as an important activity since the 60’s and it is required in making a choice among the many equally attractive alternative investment opportunity. Planning, thus is essential in making the right selection and it has been called by many different names; long-range planning, corporate planning, comprehensive planning, and formal planning. It is essentially a process directed toward making today’s decision with tomorrow in mind and a means of preparing for future decisions so that they may be made rapidly, economically, and with as little disruption to the business as possible. So what do you think? Do we ever plan?
Original Article: http://www.dearguest.com/index.pl/chairmans_note_07_08