Euromed Marseille School of Management, World Med MBA Program - Information Systems and Strategy Course

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(See the notes on the definition of strategy and tactics from session 1 for more detail on the definition of the terms used on this page.)

Planning in Business

Planning is management's most vital process. Organizations need to manage change in order to:

The Planning cycle

Planning is a cyclical activity. There are several variations on the planning cycle but all start with the setting of a high level goal (the mission statement) and end with some form of evaluation which closes the loop. The most common stages are:

the planning cycle

The Planning Cycle

Planning can therefore be conveniently (but not rigidly) divided in two types:

Strategic Planning

Tactical Planning

Euromed Marseille Ecole de Management, World Med MBA Programme - Information Systems and Strategy Course

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