ENTREPRENEURSHIP

Detailed explanation-1: -Planning means defining performance goals for the organization and determining what actions and resources are needed to achieve the goals. Through planning, management defines what the future of the organization should be and how to get there.

Detailed explanation-2: -Managers must first plan, then organize according to that plan, lead others to work towards the plan, and finally evaluate the effectiveness of the plan. These four functions must be performed properly and, when done well, become the reason for organizational success.

Detailed explanation-3: -Planning In the planning stage, managers establish organizational goals and create a course of action to achieve them.