Answer to Question #164895 in English for Thato

Question #164895

Identify the four key stages at which planning should take place:

Expert's answer

For any bright business future, the strategic planning process is the critical part. Therefore, to attain the company's vision, achieving this vision is called strategic planning. The four crucial stages for planning include the following: environmental scanning. Such is the process that concerns gathering, organizing and analyzing necessary information for the planning process—secondly, formulating strategy. This planning process is based on the information gathered during environmental scanning. The stage includes getting a clear picture of what is needed to address to accomplish the business goal. Thirdly, implementation strategy. It a critical stage provides for beginning clear communication based on its operations. Lastly, the evaluation strategy stage required for continuous improvement, monitoring, and adjusting what is needed in its operation process.

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