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Lecture notes Business Management (Cbma) Introduction to Business Management
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Best summary for the seventh chapter of the textbook
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Varsity College BCOM Year 1 Business Management 1A LU 10
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CHAPTER 7PLANNING
,Chapter content
• Introduction
• The benefits and costs of planning
• Managerial goals and plans
• The planning process
• The implementation of plans
• Summary
, Introduction
•Planning gives direction
•Forces managers to be future-oriented
•Enables the organisation to deal with changes
in the business environment
•Two components of planning
o Goals
o Plans
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