The Impact of Planning In Business Operations and As a Tool for Its Success in the Competitive Environment
Abstract
This study examines the impact of planning in the
business operations in competitive environment. Globalization is
seriously transforming and reshaping the operations,
performance and future of businesses. As the world is
integrating new challenges and opportunities were emerging due
to competition, technological advances, and globalization, these
generate amazing trouble changes in the operations of
businesses, they were collapsing and falling, new ones were
coming and bubbling up in the environment that didn’t exist
just few years ago. This paper studies the need for business
managers to ensure that they understood the significant and
impact of planning as a guide and foundation of businesses and
as a determinant of its survival, success and growth. They
should start upwith virtuous plans that will state their vision,
mission, and objectives such would equip and prepare them to
face globalization, technological advances and competition.
Planning gave managers an insight to be aware of their
environmental conditions and challenges facing their business
organization and to forecast future conditions and its success.
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