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Welcome to PlanningSkills.COM

This website focuses on a wide variety of topics related to organization and individual planning situations. The primary focus is business planning.

Planning is an anticipatory decision making process that involves situation analysis, forecasting outcomes and events, evaluating alternative courses of action, anticipating consequences and considering implementation issues and contingencies. Planning often begins with asking one or more questions, for example: What if ...? Could we ...? Do we ...? Is it possible...? How should we respond ...? How can we ...? Is it feasible to ...?

In general, planning is a proactive process that is intended to help individuals, groups and organizations achieve performance objectives.



Featured Glossary Term

Retrenchment Strategy

Retrenchment is a corporate-level strategy that seeks to reduce the size or diversity of an organization's operations. Retrenchment is also a reduction of expenditures in order to become financially stable.

Retrenchment is a pullback or a withdrawal from offering some current products or serving some markets.

In a military situation a retrenchment provides a second line of defense.

Retrenchment is often a strategy employed prior to or as part of a Turnaround strategy.


Featured Planning Tip

Planning should be linked to control Plan for control and control the plan. Plans should have measurable indicators that can assist in revising plans and evaluating outcomes.

Linked means long-term and short-term objectives should be established and then measured and tracked.

Planning and control reinforce each other. A good plan facilitates control and a good control system improves planning.







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Copyright © 2004-15 by D. J. Power (see his home page). PlanningSkills.COMsm is maintained by Alexander P. and Daniel J. Power. Please contact them at djpower1950@gmail.com with questions. See disclaimer and privacy statement. This page was last modified on December 8, 2015.
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