Steps in Planning

It is not necessary that a particular planning process is applicable for all or-generations and for all types of firms because the various factors that go into planning process may differ from plan to plan or from one organization to another. For example, planning for a major acting will take more serious evaluation of various elements necessary for planning but this may not be true for a minor one. Similarly in a small organization, planning process may not be taken in the same ways as in a large organization. Here is given a process of planning which is applicable for a major programme like opening of a new product line or acquisition of a major plant.