Planning,”P-O-L-C Framework: _________is the function of management that involves setting objectives and determining a course of action for achieving those objectives. _____ requires that managers be aware of environmental conditions facing their organization and forecast future conditions. It also requires that managers be good decision makers. ____ starts with environmental scanning which simply means that planners must be aware of the critical contingencies facing their organization in terms of economic conditions, their competitors

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Strategic,”P-O-L-C Framework: (planning there are 4 types) _____planning involves analyzing competitive opportunities and threats, as well as the strengths and weaknesses of the organization, and then determining how to position the organization to compete effectively in their environment. ______planning has a long time frame, often three years or more. Strategic planning generally includes the entire organization and includes formulation of objectives. Strategic planning is often based on the organization’s mission

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