Steps involved in the Planning Process

Category: Bank
Posted on: Monday, September 18, 2017

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Steps in Planning:

(i) Environment Scanning

(ii) Setting Objectives

(iii) Establishing Planning Promises

(iv) Searching Alternatives

(v) Evaluating the Alternatives

(vi) Selecting the Most Appropriate Alternative or Plan

(vii) Formulating Derivative Plans

(viii) Budgeting i.e. Committing Resources

(ix) Implementing the Plans

(x) Follow-up Action