Evaluate the planning function of management as it relates to the organization’s goals and strategies.

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Management’s planning function is vital for every organization. It ensures that goals and strategies align with stakeholders’ expectations and needs. Planning involves setting short-term as well long-term goals that will help the company get to where they want to go in the future. It also includes creating plans for how to achieve those goals. Also, planning includes analysing data like customer feedback and market trends to help make decisions on resource allocations, product development, and other business-related matters. Planning helps companies stay ahead by forecasting risks and opportunities. Then, they can take proactive steps to prepare. However, planning effectively requires careful consideration of all pertinent factors before taking decisions that can make an organisation achieve its objectives while remaining agile to adapt to changes as they arise.

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